Prices are likely to find support around Rs 5,500 on MCX and $65 on NYMEX WTI. However, while potential OPEC+ production cuts and a possible 25 bps rate cut may provide temporary relief, overall market fundamentals suggest continued downward pressure. Ample supply and weak demand growth projections are expected to keep prices low in the near term.
A 70:30 strategy could help investors balance gold and silver exposure: Tata Mutual Fund
Tata Mutual Fund recommends a 70:30 strategic allocation between gold and silver for investors looking to balance stability with growth. The fund house remains bullish