Gold Price Today - Is investment in Gold this Akshaya Tritiya, a right move? Expert tells this!

Gold Price Today: Gold prices are trading at two months low according to a Reuters report. This has had an impact on domestic prices as well and on the physical prices of Gold and Silver. Even as India Celebrates Akshaya Tritiya on Tuesday, commodity and currency expert Anuj Gupta recommends investors to buy gold and silver from the physical markets notwithstanding the fall. He said that this is an opportunity to buy bullion at low prices.

He said that Gold or silver bought from the physical markets is for investment purposes and must not be mixed with trading on exchanges. He said that Akshaya Tritiya is an auspicious occasion for buying bullion and it was time now to buy it.

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He said that the Gold and Silver prices have fallen significantly over the past one month.

Gupta is Vice President (VP), Commodity and Currency Research at IIFL Securities.

The price of 24 carat gold in Delhi is around Rs 52,500 per 10 gram, he said.

Amid current weakness his strategy on MCX Gold is to avoid for new positions.

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)