With an average daily trading volume of around $183 billion, gold is considered to be one of the largest financial assets in the world. Last year, with the onset of the Covid-19 virus, and the subsequent equity market crash, gold saw a sharp surge crossing the Rs 57,000 per 10-gram levels. However, lately, MCX Gold is trading near Rs 46,000 level, with support seen at Rs 45,850 - 45,600, and resistance is seen at Rs 46,370 - 46,700. This correction, from all-time high levels of Rs 56,000-57,000, is being looked at as an opportunity to invest in gold. Many investors, spooked by “overheated” equity markets, feel gold is a sound investment for especially those with lower risk appetite.