What is the gold price on Dhanteras? Check outlook for today

From an investment perspective, the recent correction and profit booking provide an opportunity for investors looking to add gold.Gold price prediction today: The recent correction in gold prices is a good time to get in, says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities. He shares his view on buying gold on Dhanteras:MCX Gold December futures are trading around Rs 1,41,779 after witnessing profit booking from higher levels. The 2-hour chart indicates that prices have corrected from the recent highs near Rs 1,45,000–Rs 1,46,000, with volatility remaining elevated. The metal is currently approaching an important support zone, which will be crucial for determining its near-term direction.Intraday Technical Levels: MCX Gold DecemberImmediate Resistance:Rs 1,42,425Resistance 2:Rs 1,44,500Major Resistance:Rs 1,45,000–Rs 1,45,500Current Market Price:Rs 1,41,779Immediate Support:Rs 1,41,296Support 2:Rs 1,40,337Major Support:Rs 1,39,378Technical View: Gold is witnessing profit booking after its recent rally. Sustaining above Rs 1,41,300 could help stabilise prices, while a break below this level may extend the correction towards Rs 1,40,337 and Rs 1,39,378. On the upside, Rs 1,42,425 remains the immediate hurdle, followed by Rs 1,44,500.Gold Dhanteras View – Long-Term Investment OpportunityFrom an investment perspective, the recent correction and profit booking provide an opportunity for investors looking to add gold to their long-term portfolios during the Dhanteras occasion. Despite near-term volatility, gold continues to hold strategic importance as a portfolio diversifier and a hedge against global economic uncertainty, geopolitical tensions and currency fluctuations.Traditional buying on Dhanteras can be considered through either physical gold or Gold ETFs, depending on the investment objective. Investors purchasing gold for traditional and personal use can prefer physical gold, while those looking for investment exposure without concerns around storage, purity and making charges can consider Gold ETFs.However, considering the volatility in international bullion markets, investors should prefer staggered accumulation rather than deploying the entire allocation at once.Overall View: Near-term volatility and profit booking may continue, but the recent correction offers an opportunity for gradual long-term accumulation. Dhanteras buying in physical gold or Gold ETFs can be considered with a long-term investment horizon.(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)