Gold is still fundamentally in the doldrums from the bullish point of view. Long term, gold will be pressured downward if buyers stays away from the yellow metal. Since, the festive and wedding season is approaching. So the demand of gold is expected to grow. Gold prices will rise, but not like earlier where the change in price was very sharp. The rise in price will be more stable.
Sanjay Gulabani
Director, P. Mangatram Jewellers Pvt Ltd
Hyderabad
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