Will Gold Hit Rs 1. 70 Lakh/10 Gms & Silver Reach Rs 3. 4 Lakh/Kg? The recent surge in gold and silver prices has led to predictions of a continued bullish trend for these precious metals.
Abhilash Koikkara, Head Forex & Commodities at Nuvama Professional Clients Group, notes that both commodities are exhibiting strong upward momentum.
The hike in import duty has certainly contributed to the price increase, but what lies beneath this surface level analysis?