'Any level between Rs 45,000-Rs46,000 is ideal for investing in Gold'

If prices gets lower around Rs 46,650 during Akshaya Tritiya 2021, we would recommend investors to buy

Gold saw a sharp sell-off early this week before recovering over $20 to erase most of its loss. The fact that we are now witnessing gold solidly above $1800 expresses a strong change in market sentiment from neutral to bullish. Looking at the last few trading days, we can interpret that we are witnessing period of consolidation. Major resistance is at $1,855 and next fresh leg of upmove will only come above that level.

China has just reported its producer prices climbed at the fastest pace in 3.5 years in April, reflecting a big rise in input costs. Besides,