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Gold prices likely to hit ₹81,000 per 10 grams as global market eyes $2,650

Motilal Oswal Financial Services predicts gold prices to rise, recommends "buy on dips" strategy, and analyzes market trends.

Gold Price Outlook: Motilal Oswal recommends 'buy on dips' on yellow metal; pegs upside target to ₹81,000

The brokerage firm further advised accumulating gold around $2250 for targets towards $2650, on COMEX.

Expect upward target of Rs 81,000 for gold in domestic market: Motilal Oswal Financial Services

Gold gains 14% YTD in the domestic market, while silver displays upward mobility of 27% returns YTD in 2024, the brokerage said.

Gold dips on strong US Dollar, Treasury yields; silver at $31.98

By 10:00 a.m. ET (1400 GMT), spot gold had decreased by 0.7 per cent to $2,345.62 per ounce, while U.S. gold futures fell by 0.4 per cent to $2,346.10.