Friday, March 29th, 2024

Gold price reached a record high of 2 years, silver also jumped and reached close to 71 thousand, know what next?


Photo:India TV Sleep

International Due to the rise in the price of gold and silver in the market, the price of gold in the Indian market has reached the highest level of 2 years. Today, gold futures on MCX rose 0.6% to Rs 55,546 per 10 grams, while silver rose 1.4% to Rs 70,573 per kg. Let us tell you that in August 2020, gold had made an all-time high of Rs 56,200 per 10 grams. Gold is trading at a record high of 2 years on MCX. Commodity experts say that gold and silver will rise further and soon gold may break its previous high record.

Gold will be 57 thousand, silver will cross 72 thousand

Anuj Gupta, Vice President, Research, IIFL Securities, told India TV that gold and silver have once again returned to a rally on fears of a global recession. Today gold has broken the record of two years. The price of gold can reach up to 57 thousand per 10 grams in the budget or after that. At the same time, the price of silver can go up to 72 thousand per kg.

PressWire18 provides latest news, bollywood news, breaking news hollywood, top tech news, business standard news, indian economy news, world economy news, travel news, mumbai news, latest news mumbai loksabha election 2024, video viral news, delhi news, Only at Only at Presswire18.com

Precious metals in positive momentum since the beginning of the year

Commodity experts say that gold and silver have shown positive momentum since the beginning of 2023. Recently gold has crossed the 200 day moving average (SMA). Gold will face support near $1814-1801 and resistance near $1838-1850. Silver has taken support at $23.72-23.55, while resistance is at $24.22-24.40. In rupee terms, gold has support at Rs 54,950-53,750, while resistance is at Rs 55,480, Rs 54,650. Silver has support at Rs 69,050-68,580, while resistance lies at Rs 70,420-70,780. If this level breaks, then further gains can be seen in gold and silver.

Latest Business News



It has become very easy to check the balance of PF account, this is how you can know sitting at home

PF Account Balance Check Online: If you use Provident Fund accounts under Employees Provident Fund Organization (EPFO), then you must read this news once. In this news, we are going to tell you the...

Stock market crashed on the first trading day of the week, selling in banking, IT and auto stocks

Photo:FILE Share Market first trader of the week The stock markets closed in the red during the day. Selling in banking, IT and auto stocks created pressure in the market. After fluctuations throughout the...

Avada Group plans big investment in Rajasthan

Jaipur. Avada Group, which plans to build a one million tonne per year green ammonia project, is working towards deploying 4GW of renewable energy capacity to support the ambition. Renewable energy will be used...