HomeNewsBusinessMarketsGold rally can extend towards $1635-1640/oz: Anand Rathi

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Gold rally can extend towards $1635-1640/oz: Anand Rathi

In an interview with CNBC-TV18, Ritesh Gandhi, Anand Rathi Financial Services said, he will maintain his bullish stance on gold at the moment. “With prices on the fresh high this morning, we do believe this rally can now extend towards USD 1,635 to USD 1,640 an ounce in the short-term.

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Gold touched a record high above USD 1,622 an ounce today. Spot gold, which has risen nearly 14% so far this year, climbed more than 1% to a record of USD 1,622.49 an ounce, before easing to USD 1,615.66 an ounce.

In an interview with CNBC-TV18, Ritesh Gandhi, Anand Rathi Financial Services said, he will maintain his bullish stance on gold at the moment.

TAGS: #Anand Rathi Financial Services #Commodities #Commodity #Gold #Ritesh Gandhi

first published: Jul 25, 2011 03:22 pm

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