Gold Price Today 23-03-2021: BIG opportunity for gold buyers! Experts unveil this money making strategy for investors

Gold Price Today 23-03-2021: Gold price today slide Rs 83 and came below Rs 45,000 per 10 gm at the Multi Commodity Exchange (MCX). In international market, the precious yellow metal is facing resistance at $1,730 per ounce and once it breaks this resistance we may soon witness $1780 to $1800 per ounce mark. In MCX terms, gold price at MCX is expected to hit Rs 48,000 per 10 gm in the next two months, say experts.

Speaking on the gold price outlook Anuj Gupta, Vice President at IIFL Securities said, "Gold price is expected to go upward as the rising crude oil will lead to rise in global inglation. Gold price in the internatioanl market is expected to hit $1,780 to $1,800 per ounce once it sustains above $1,730 per uonce levels."

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Asked about the gold price target in the next two months in the MCX perspective Anuj Gupta said, "Gold price in the MCX terms can be expected to go up to Rs 47,000 to Rs 48,000 in the next two months and hence evey dip should be seen as an opportunity to buy gold, especially if you are an investor."

Amit Sajeja, Vice President — Research at Motilal Oswal said, "Gold price at MCX is facing resistance at Rs 45,500 to Rs 45,600 per 10 gm levels. Once, it breaks this resistance and sustains above these levels, we can expect fresh upside momentum in the gold price. However, it seems that the gold price selloff that we have been witnessing since August 2020 is bottom out. Hence,one should maintain 'buy on dips' strategy and keep accumulating on every dip as overall sentiment of gold price is positive."