The US Dollar in the last one month has gone down by nearly 3 per cent while in the last one week the greenback has corrected to the tune of 0.80 per cent. The experts say that yellow metal price rise is expected to continue in the immediate short-term as the precious metal may once again emerge as an ‘investor’s haven.’
In yesterday’s trading session Gold price had hit ₹48,000 levels and finally closed at ₹47,760 per 10 gm levels with intraday gain of ₹165 at the Multi Commodity Exchange (MCX). According to experts’ estimates, gold price in the international market may hit $1,860 to $1,880 per ounce while at MCX the precious metal may hit ₹49,500 to ₹50,000 per 10 gm mark in the next one month.
By Team Livestockrates