Should You Buy Gold At Current Price Levels?

Gold and silver prices in mid-week deal were trading mixed in the domestic market. At around 2:15 pm, gold on the MCX in the futures market for April delivery was trading higher by 0.28% or Rs. 134 at Rs. 48082 per 10 gm, while silver futures were down 0.14 percent or Rs. 96 to Rs. 69,600 per kg.

Internationally, gold prices got a lift on expectation of roll-out of massive US stimulus package as soon as this month. Also weak dollar spurred bullion's appeal. Spot gold rose 0.2 per cent to $1,839.99 per ounce while US gold futures gained 0.2 per cent to $1,840.40.

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