Gold rate today: Gold was trading flat in the afternoon trade on Thursday. On MCX, as of 1:30 pm, December Gold futures quoted at Rs 54,995 per 10 grams, flat by Rs 76 or 0.14 per cent. 

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Vandana Bharti, Zee Business Panelist and SMC Global's AVP of Commodity Research, has given a buy call on gold. 

“I will be on the buying side as covid numbers are coming in and there is a concern in China. Some reasons for gold's upside is that the Japanese Yen is getting stronger due to which the dollar index has dented and it could trade below 104 in a few further trading sessions,” she said. 

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She opined that, in January Rs 66,500 to 67,000 levels could be seen when the position builds up. 

According to her, after the high speed when there will be a correction it will be 6-7 per cent and investors should wait for the correction and then buy.

She gave a target of Rs 70800 for remaining trading sessions of 2022 after that we will wait for correction. 

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Another Panelist Jay Purohit said that view from positional trading perspective is positive. “The view is positive for positional trading. We have a top commodity for 2023 report, in which we have given a buy call for silver for a target of Rs 85,000. I think in 2023, we can see 85,000 levels. Dip to Rs 66,060 - Rs 67,000 would be a good buying level for traders and positional traders,” Purohit said.

He further added that current levels are also good for buying 

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