“We continue to maintain a buy-on-dips approach towards gold… In the domestic market, assuming USD/INR at 96, we see ₹1,35,000 as a favourable accumulation zone, with a short-term target of ₹1,48,000 and a medium-term target of ₹1,60,000- ₹1,68,000.” Modi added that silver offers greater upside leverage, but investors should remain mindful of its significantly higher volatility.
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