Gold Price Today, 27 August 2021: Gold trading cheaper by Rs 8800 from record levels, should you invest now?

In the ongoing week, gold October futures are trading with a gain of more than Rs 350. 

New Delhi: Gold prices on the Multi Commodity Exchange (MCX) have dropped by over Rs 2000 in the past few weeks. However, on Friday (August 27), October futures of gold on MCX rose sharply by Rs 297 to Rs 47534 per 10 grams. The hike in gold prices has come after a day of flat trade on Thursday (August 26), when MCX saw multiple highly volatile sessions.  In the ongoing week, gold futures are trading with a gain of more than Rs 350. This could hint towards a bullish sentiment on MCX. Experts have previously suggested that gold could again reclaim the Rs 50,000 mark in the coming weeks, offering an impressive opportunity for investors planning to bet on the yellow metal.  Gold moves this week (23-27 August)