What can buyers expect about gold hitting ₹1.6 lakh per 10 grams?

Bonanza Senior Research Analyst Nirpendra Yadav said ₹1.6 lakh/10 grams remains an important level to watch for MCX gold, which could be treated as a "breakout level". "On the downside, ₹1.52-1.50 lakh is the first important support zone, followed by around ₹1.48 lakh," Yadav said. "A sustained break below Rs 1.48 lakh would weaken the immediate bullish structure," he added.