Gold Prices To Hit Rs 55,000

MK Digital Line
Gold prices hit an all-time high on MCX, as investors rushed for safe-haven assets amid coronavirus pandemic and geopolitical tensions. 

Continuing the gaining spree, gold prices made a new high of Rs 51,150 per 10 grams on MCX in the previous session.

Market expert & Vice President of Commodity and Currency Research, Religare Commodities Ltd., Sugandha Sachdeva expects gold prices to hit Rs 55,000 per 10 grams in the next six months.

But she also explains that optimism surrounding COVID-19 vaccine trials could keep prices in check.

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