Gold price at Multi Commodity Exchange (MCX) dipped ₹311 after closing at ₹47,640 per 10 gm mark on Tuesday. However, commodity experts have maintained that dip in gold price is 'good opportunity' for investors and buyers as overall sentiment of both gold and silver is bullish. However, this is a good opportunity for the gold investors and buyers as overall sentiment for both gold and silver is bullish. One can continue the buy on dips strategy till gold price in the international market is above $1,800 per ounce levels." However, for the gold buyers and investors, Gupta advised to keep ₹46,800 as strong support and keep on buying till gold price is above ₹46,800 levels at MCX.

Source: Mint May 12, 2021 03:33 UTC