On Wednesday, gold was steady overseas and hovered near a lifetime-high of around USD 1,778 an ounce. Safetrade Advisors' N Prasad feels that the international markets have come back with confidence, which can push gold prices down.
Prasad told CNBC-TV18 that gold will see intra-day dips and corrections in the short-term. He said, "One can sell gold around Rs 25,700 per 10 grams levels with a stop loss of Rs 25,850 per 10 grams and target of around Rs 25,200-25,300 per 10 grams for the day." Prasad expects some sell-off in gold as the rupee can also strengthen. India is the worldDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
