Gold Price Today Outlook: Outlook remains mixed next week; expert gives this trading strategy

The trend in bullion is expected to remain mixed over the next week, albeit with a downward bias Expert Anuj Gupta, Vice President , Commodity and Currency Research at IIFL said.

As for domestic prices, though the international price could see correction, the strength in US Dollar may not allow bullion to slip appreciably here, he said.

Spot gold was down 0.61 per cent to USD 1,762.63 per ounce, with prices down roughly 5.7 per cent on the week.

On Friday, MCX August Gold Futures ended at Rs 46,800 per 10 gm, getting cheaper by Rs 158 or almost 0.34 per cent from the last closing price on Thursday.

Meanwhile, MCX July Silver Futures ended at Rs 67,580 per kg on Friday, down by Rs 19 from the last closing price on Thursday.

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