Gold, Silver Prices Today: Intraday buying opportunity seen as yellow metal price steadies; analyst recommends profit-making strategy
After hitting a two-week low last week, the yellow metal managed to salvaged some ground on the back of a US Dollar retreat. The dollar index fell 0.1 per cent, retreating from Friday's high, a Reuters report said. A weaker dollar reduces bullion's cost to buyers holding other currencies
Analyst Anuj Gupta sees this correction as a buying opportunity. He suggested a buy on MCX December Gold futures at Rs 48,700 with a stop loss at Rs 48,450 while the price target at Rs 49,200. Source: Reuters