Gold price retraces from life-time high. Buy or wait for more dip?
Gold rate today: Diminished expectations of a US Fed rate hike sent the price of gold to a new high ₹61,914 per 10 gm levels on the Multi Commodity Exchange (MCX) in the past week. However, profit-booking prompted higher levels and eventually the MCX gold rate bottomed out ₹60,745 against the 10 gm levels on Friday, logging a weekly gain of 1.62 percent. Silver price on MCX ended at ₹levels of 73,161 per kg, maintaining a significant weekly gain of 4.53 percent last week.
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