Gold rate today: Yellow metal oscillates near record high. Is it right time to buy gold?
2 weeks ago

Gold rate today: Yellow metal oscillates near record high. Is it right time to buy gold?

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Gold rate today: Following a sharp decline in the US dollar rate and trade conflict between the US and its trade partners, gold prices increased last week. MCX gold rate finished at ₹85,820 per 10 gm on Friday, ₹1,618 higher than the previous Friday's close of ₹84,202 and ₹729 below the record high of ₹86,549 per 10 gm. Gold rate today: Important levels to look at Advising investors to remain vigilant about the implications regarding spot gold price and MCX gold rates, Jateen Trivedi P Research—Commodity & Currency at LKP Securities said, "Gold rate today continues to face strong resistance at $2915-$2,925 in COMEX, while in MCX, ₹86,400 remains a key resistance level, with support at ₹84,500 to ₹84,000. On a broader range of gold rates today, Sugandha Sachdeva of SS WealhStreet said, "On the domestic front, gold prices are facing significant resistance in the ₹86,350 to ₹86,600 10 gm zone.

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