Gold outlook: Experts advise strong allocation as yellow metal expected to trade above ₹60,000 going ahead

Going ahead, experts expect the volatility in the equity markets as well as the banking crisis to continue to support gold strongly. They advise investors to keep strong allocation in the yellow metal.

Gold steadies after steep sell-off, but bound for weekly dip

<ul><li>Spot gold was up 0.1% at $1,914.33 per ounce by 0424 GMT, after shedding 2% in a sell-off on Thursday that was fuelled by a firmer dollar and profit-taking.</li></ul>

Gold sees best quarter since mid-2020 in a Fed-driven year

<ul><li>Bullion is only down about 0.7% so far in 2022, and has risen nearly $200 from a more than two-year low hit in September.</li></ul>

Gold steadies as dollar weakness counters rate-hike bets

<ul><li>Spot gold held its ground at $1,792.19 per ounce, as of 0505 GMT. U.S. gold futures rose 0.2% at $1,802.80.</li></ul>

Gold falls ₹30, silver jumps ₹558; check prices here

In the previous trade, the precious metal had closed at ₹54,335 per 10 grams. Silver, however, jumped ₹558 per kg to ₹67,365 per kilogram.

Gold set for weekly gain; traders poised for U.S. jobs data

<ul><li>Spot gold was down 0.2% at $1,799.44 per ounce by 1005 GMT, after earlier hitting its highest since Aug. 10 at $1,804.46. U.S. gold futures eased 0.1% to $1,813.20.</li></ul>

Gold rises ₹352; silver rallies ₹1,447; check prices here

<ul><li>In the international market, gold was trading higher at USD 1,778.6 per ounce while silver was up at USD 22.25 per ounce.</li></ul>

Gold falls ₹71, silver declines ₹66; check prices here

<ul><li>In the international market, both gold and silver were trading flat at USD 1,756.5 per ounce and 21.34 per ounce, respectively.</li></ul>

Gold hits over one-week high on dollar dip, China jitters

<ul><li>Spot gold was up 0.3% at $1,760.87 per ounce, as of 1055 GMT, after hitting its highest since Nov. 18 earlier in the session. U.S. gold futures rose 0.5% to $1,762.20.</li></ul>

Gold subdued on dollar advance; eyes modest weekly gain

<ul><li>Spot gold was down 0.1% at $1,753.06 per ounce by 1044 GMT, coming off a one-week high hit earlier in the session. Bullion was up 0.2% this week so far.</li></ul>

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Gold outlook: Experts advise strong allocation as yellow metal expected to trade above ₹60,000 going ahead

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