HomeNewsBusinessMarketsGold to rise further, buy at USD 1650/ounce: Scotia Mocatta

Gold to rise further, buy at USD 1650/ounce: Scotia Mocatta

Sunil Kashyap, managing director of Scotia Mocatta said gold will go up to USD 1800 per ounce if the economic turmoil continues.

August 10, 2011 / 15:10 IST
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Precious metal gold, which is considered as a safe haven against economic crisis, has touched a record-high once again. Globally, it advanced by USD 33.10, or 1.9%, to USD 1,746.30 an ounce, while domestic prices crossed Rs 26,000 per 10 gram yesterday. Experts feel that gold will continue to shine going forward and will still remain investors

first published: Aug 10, 2011 12:10 pm

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