Gold price continues to dip as dollar sustains at record high

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Gold prices dip for third successive week but managed to pare some early week losses

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after the US Fed indicating a slightly less aggressive tightening of the monetary policy.

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On Multi Commodity Exchange (MCX), gold future rate for June contract ended at ₹51,344 per 10 gm on Friday

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The top 5 EV stocks in India 2022 as per market capitalization are

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According to commodity market experts, gold prices are under pressure as Dollar Index has sustained at its 20-year high levels.

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They said that demand for dollar may continue to remain on the positive side

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6 Best Intraday Stocks To Buy Right Now In India

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but global inflation hitting major global economies may continue to support gold price.

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They said that spot gold price has taken support at $1850 levels while MCX gold price has immediate support placed at ₹50,500 levels.

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Speaking on gold price outlook, Sugandha Sachdeva said, "Gold price has witnessed a rebound

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after finding a cushion near ₹50,500 per 10 gm ($1850/ounce) mark, whereas ₹50,000 per 10 gm ($1830/ounce)

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mark will now act as near term key support for the week ahead.

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EXTRA SLIDE

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Gold price continues to dip as dollar sustains at record high

Gold price continues to dip as dollar sustains at record high

Should you buy?

Should you buy?

Gold prices dip for third successive week but managed to pare some early week losses

after the US Fed indicating a slightly less aggressive tightening of the monetary policy.

On Multi Commodity Exchange (MCX), gold future rate for June contract ended at ₹51,344 per 10 gm on Friday

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According to commodity market experts, gold prices are under pressure as Dollar Index has sustained at its 20-year high levels.

They said that demand for dollar may continue to remain on the positive side

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but global inflation hitting major global economies may continue to support gold price.

They said that spot gold price has taken support at $1850 levels while MCX gold price has immediate support placed at ₹50,500 levels.

Speaking on gold price outlook, Sugandha Sachdeva said, "Gold price has witnessed a rebound

after finding a cushion near ₹50,500 per 10 gm ($1850/ounce) mark, whereas ₹50,000 per 10 gm ($1830/ounce)

mark will now act as near term key support for the week ahead.

EXTRA SLIDE

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जो कल के दिन बना सकता है आपको करोडपति

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