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ICICI Direct: Commodity Outlook - Gold To Rise Towards Rs 49,500 Amid Dollar Weakness

Gold prices may rebound to Rs 49,500/10 gm due to a weaker dollar and amid surging coronavirus cases in the U.S. and Europe.

An employee handles 1 kilogram gold bars with in the precious metals vault at Pro Aurum KG in Munich, Germany. (Photographer: Andreas Gebert/Bloomberg)
An employee handles 1 kilogram gold bars with in the precious metals vault at Pro Aurum KG in Munich, Germany. (Photographer: Andreas Gebert/Bloomberg)
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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