Mr. Sachin Kothari, Director at Augmont Gold for All
Gold prices are continuously sustaining around $2400 (~ Rs73000) amid ongoing risk-aversion following the confirmation that Israeli rockets had attacked an Iranian target, hence intensifying geopolitical tensions in the Middle East.
Safe-haven demand due to escalating Geopolitical tensions this week between Iran-Israel is holding up the prices. However, gold prices are in the overbought zone and price retracement/ profit booking will emerge in the coming days when the dust has settled down.
