Gold Silver Price: This week is the festival of Dhanteras on Saturday and before that, along with the futures market, the retail bullion market is also witnessing a lot, today with the weakness in the price of gold. The business is being watched. Today gold trading started at the rate of Rs 50397 per 10 grams and it went up to the rate of Rs 50401. On the other hand, gold prices were seen up to Rs 50290 per 10 grams.
Gold Price (in futures market)
Gold is trading today on the Multi Commodity Exchange (MCX). There is a weakness of more than Rs 100 per 10 grams in gold. Today, December futures of gold on MCX are trading at Rs 50303 per 10 grams, down by Rs 111 or 0.22 percent. In this, most of the business trends are being seen between Rs 50290-50310.
expert opinion on gold
Dr. Ravi Singh, VP, Head of Research, Share India Says that today the price of gold is expected to be in the range of Rs 50300-50900 and for gold today it is expected to trade in the upper range only.
Today’s trading strategy for gold
To buy: Buy when it crosses 50600, target 50800 stop loss Rs 50500
To sell: Sell if it goes below 50200, target 50000 stop loss Rs 50300
Support 1- 50300
Support 2- 50200
Resistance 1- 50700
Resistance 2- 50900
Today’s Rate for Silver
Silver is trading with weakness again on the Multi Commodity Exchange today and its prices have come down to Rs 56,300 per kg. Today on MCX, silver is seen falling by 0.14 percent at the rate of Rs 56273 per kg.
Attractive shopping opportunity on Dhanteras
Due to the fall in the price of gold and silver, today a buying opportunity is being created for you. For you, the prices of gold and silver have come down for the festival of Dhanteras coming after 2 days, yet even if gold and silver see a rise in the next 3 days, then they will prove to be cheaper than before.
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