Gold prices have appreciated sharply from Rs 56,000 to Rs 60000 in 10 days as an escalation in the Israel-Hamas conflict spurred concerns over a spillover into the broader Middle East region, which in turn fuelled demand for conventional safe havens. Investment demand and Physical Retail Demand is back, supporting the prices. The fundamental and technical landscape has improved with a long-term bullish view.
I expect prices to trade at least 10% higher from current levels by next year, so auspicious day like Dusshera is the best time to buy Gold.
