Gold heading towards Rs 101,000/10gms in near term!
The next target is Rs 111,000 if this positive momentum continues Colin Shah, MD, Kama Jewelry said, "The gold prices in India hitting an all-time-high is on the much-expected lines given the latest development in international geopolitical tensions, and weakening of the INR. The uncertainties drive up the demand of gold as a safe investment haven as compared to other asset classes. The price trend is going to face some resistance which will keep it below 1 lakh in the short-term. However, prices may see some correction due to bouts of volatility. We anticipate prices to hover in the range of Rs. 1,00,200 - 1,00,500 on MCX, subject to international economic influences." In the row it is interesting to focus on Augmont Bullion’s Daily report for the 10, 11 & 12 June 2025, where, Indian Gold resistance that recorded at Rs 99000/10 gm and Indian Silver Resistance Level at Rs 111,000/kg. And these resistance barriers that broken away on the Friday, J...