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Published on 11/05/2021 6:04:25 PM | Source: Emkay Global Financial Services Ltd

Gold on account of Akshaya Tritiya by Mr. Rahul Gupta, Emkay Global Financial Services

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Below ais Perspective on Gold on account of Akshaya Tritiya by Mr. Rahul Gupta, Head of Research- Currency | Emkay Global Financial Services

“Akshaya Tritiya is considered an auspicious day to buy gold and usually we see buying some demand ahead of it and also on that particular day. Overall, the MCX gold price continue to exhibit a strong solid show after a big blowout of the US Nonfarm payrolls data. After hitting a more than two weeks low of 46462 MCX Gold made a reversal thereafter to currently trade around 47900. The Immediate resistance is at 48250 and then at 48360. So consistent trading above 48400 will open doors for 49000-49700. However, support is located at 47330-47000-46500.”

 

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