Buy gold on every dip: Kaushal Jaini

Kaushal Jaini, Asst. Vice President, Dani Commodities, talks to ET Now on agro and non-agro outlook.

Gold up 2% previous week, how would you trade the metal this week?

Gold is on an upside and we expect the upside to continue from here. We expect around 1900, the previous level to be retested in the coming future. So every dip could be a good buying opportunity level until 1720 holds on the international level, gold could continue on an upside because we still are uncertain about the events happening in the economic zone and there is serious bad news on UK too. On the Indian continent, we expect around 30000 levels and maybe beyond that. So yes, gold is on buying spree and any major correction could trigger a buying opportunity. Gold on the Indian continent is only negative until it closes below 28200. Till then, the positive bias will be intact.