Gold Price Today: Yellow metal rises on soft US dollar; what should you now?

Gold prices rose as the US dollar index fell below 102, amid concerns of high inflation and the banking crisis in the economy. Gold futures rose 0.44% to INR60,693 ($798) per 10 grams on MCX, whilst silver futures increased 0.31% to INR76,150. Prathamesh Mallya, Assistant Vice President – Research, Non-Agri Commodities and Currencies at Angel One, predicts gold prices will rise towards INR61,020. Praveen Singh, AVP Fundamental Currencies and Commodities Analyst at Sharekhan by BNP Paribas, saw support for gold at $1,975-$2,000, with resistance at $2,032-$2,050.