Ashok Mittal, co-head retail, Emkay Global Financial Services says demand for precious metal gold hasn’t seen any decline either from China or India too.
Speaking to CNBC-TV18, Mittal says the rally seen in the yellow metal will continue in the days to come.
Also read: It's official: China is world's top consumer of gold
“We are well above USD 1300, so and upside of USD 1360 or 1380 is highly possible,” adds Mittal.
He, however, is quick to add that the upside may be momentary so one should be placed in the commodity for long.
On the other precious metal-silver- he says that the metal provides for a good risk reward ratio and make for a good investment bet. He believes a level of USD 22.5 per ounce is possible.
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