 "People purchasing Gold Jewellery at UTZ Jewellery Shop. Photo: Kamlesh Pednekar")
Geo-political uncertainties, sustained central bank buying and the rupee’s weakness against US dollar will keep gold under pressure and are likely to push the prices up to Rs 42,000 per 10 grams level by the end this year, according to analysts.
"Geo-political uncertainties emerging from the Middle East may continue to underpin gold prices going ahead to $1,650 an ounce in Comex markets and Rs 42,000 in MCX," Commtrendz Research co-founder and CEO Gnansekar Thiagarajan told PTI here.
The yellow metal is likely to continue to remain bullish till the end of the year mostly due to sustained Central bank
