After last year gold price 2750 per 10 grams have been far cheaper. Last year on 14 August 2014 gold price was 28614 per gram, while in this year gold is trading levels of Rs 25862 per 10 gram on Friday. According to the Commodity expert MCX Gold price is continues decline. Gold price come 22,000 per 10 gram in the next year. Because next month is likely to increase US interest rates. Also India and China declining demand and the equity market returns large investments to meet the gold demand has declined.
The country's big five broking houses, according to the poll conducted among the trend in gold prices will continue.
| Instituion | August 15, 2016 estimate (MCX) for Rs |
| Angel Broking | 23,500 |
| Trade Swift Broking | 22,000 |
| Adalvoice comtrade | 23,000 |
| Kotak Commodities | 24,000 |
| Paradigm Commodities | 24,400 |
The given MCX tips are perfect for the gold traders as the gold is the precious metal which comes in MCX segment.
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