Gold may rise to $5000 in the short term, though a sustainable extension of the ongoing rally, which has been in place from the cycle low of $4099, will call for an increase in the safe haven appeal
Domestic gold prices were trading around ₹1,53,200 per 10 grams on Friday, after rising to ₹1,55,065 earlier this week, the highest in a month
Gold fundamentals remain structurally strong despite near-term price volatility.
Without fresh imports, India could face supply shortages, as the world's second-largest gold consumer and biggest silver buyer relies on overseas purchases to meet nearly all its demand
Akshaya Tritiya 2026 Gold Outlook: Analyst at Kotak Securities recommends Gold allocation up to 15 per cent in portfolio, and suggests adding Silver too on this auspicious occasion.
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The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,41,110
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,39,740
Bullion fell as much as 2.2 per cent to dip below $4,650 an ounce in early trading, before paring losses
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,40,090
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,39,660
The metal may extend its recovery further to $5,000 in short term on ceasefire hopes. However, for a sustainable rally, it needs to reestablish its safe haven credentials.
Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold is considered auspicious, will be celebrated on April 19
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,840
Gold and silver are traditionally seen as safe havens during war. But the ongoing West Asia conflict is telling a different story. Prices are falling, not rising.
Bullion rose more than 3 per cent to its highest level since March 19
The price of 22-carat gold fell ₹10, with ten grams of the yellow metal selling at ₹1,37,340
The US dollar edged 0.2 per cent lower, making greenback-priced gold slightly cheaper for holders of other currencies
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,090
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