Price drop prompts Indian investors to buy gold

“The vaccine rollouts and strong optimism over economic recovery have led to some liquidation in the yellow metal with risk-on sentiments. However, the fall in gold prices has allowed the investors who were waiting to buy gold at lower levels. Gold prices are currently trading at Rs 46,500 per 10 gram at Multi Commodity Exchange (MCX), a comfortable range to enter new longs for investment.

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