Gold prices: What to watch for as the ₹1.6 lakh mark approaches
According to Bonanza Senior Research Analyst Nirpendra Yadav, the ₹1.6 lakh per 10 grams mark is a key level for MCX gold that could signal a breakout. Yadav noted that the primary support area on the downside sits between ₹1.52 lakh and ₹1.50 lakh, with a secondary level near ₹1.48 lakh. He further cautioned that if prices consistently drop below ₹1.48 lakh, the current positive trend would likely lose its momentum.
by shortkt.com✓