INSUBCONTINENT EXCLUSIVE:
Domestic gold futures have receded 8 per cent from all-time high of Rs 56,191, registered last month, but many analysts still think the
yellow metal is in an uptrend long-term perspective
present global economic conditions, uncertainty in the US presidential elections and geopolitical tensions, gold will give a positive return
in the medium to long term, according to analysts."Those looking for medium to long term investment in gold can buy and accumulate on every
dip in the range of $1940-1880 per troy ounce range
At MCX, Rs 51,100-50,000 appears to be a good range to buy and accumulate in domestic market," said Manoj Jain
0.52 per cent - to end at Rs 51,720
At the current level, gold futures are off Rs 4,471 from their peak of Rs 56,191, registered on August 7.Globally, Comex gold futures - the
investment portfolio to gold at any given time, regardless of market situation
This recommendation, however, varies from 10 per cent to as high as 15 per cent, based on their strategies.
