Gold Price Forecast Today, Gold Price Today, Gold Price Outlook: Yesterday MCX Gold prices increased sharply 2.31% and closed at 51543 levels, however it touched the high of 52797 levels in intraday. In the spot market it touched the $1974.30 levels which was 17 month’s high levels.
Safe haven demand due to war between Russia and Ukraine and crude oil prices touching $105 levels provide support to yellow metals. For intraday traders we are recommending buy gold between 50400 to 50250 levels with the stoploss of 49900 for the target of 51850 – 52220 levels. Again spot gold may test $1950 to $1980 levels soon.
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