Wealth boosters: 'Gold'en tips for Akshaya Tritiya

Naveen Mathur of Angel Broking expects prices of gold to trade higher. He recommends buying MCX Gold contract of June at Rs 28,580-28,600 per 10 gm with a stop loss at Rs 28,490 per 10 gm for a target of Rs 28,800-28,810 per 10 gm.

Rajini Panicker of MF Global suggests target levels of Rs 31,500 to Rs 34,000 per 10 gm for the year, if only gold breaches Rs 30,000 per 10 gm. Meanwhile, Kishore Narne of Anand Rahti recommends buying gold for long-term purposes at the current levels or on slight dips to levels around Rs 28,000 per 10 gm. "Year-on-year basis it should provide about 20% returns for the next couple of years," adds Narne.