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Gold drops ₹10,000/10g, silver below ₹4 lakh: Is this the right time to buy? – The Economic Times Video
Gold and silver futures opened lower on Jan. 30 as investors took profits following record rises earlier this week. MCX February gold fell by Rs 10,000 to Rs 1,61,000, while March silver fell by Rs 24,000 to Rs 3,75,900/kg. Analysts cite global uncertainties, US-Iran tensions and the upcoming Union Budget as the drivers of the volatility. Experts recommend buying gold on dips between Rs 1,68,000 – Rs 1,64,000, stop-loss at Rs 1,61,100 and targets at Rs 1,72,800 – 1,75,000.
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