Gold Silver Rate: Before Dhanteras, gold came below 50,000, silver is also cheaper than 56,000, there is a chance

Gold Silver Rate: Tomorrow is the festival of Dhanteras on 22nd October and preparations for this special day are being seen in the bullion market in the country for the past several days. This day is considered very auspicious for the purchase of jewelery with gold and silver and thousands of crores of rupees worth of gold and silver are seen on this day. The good news for you is that today gold and silver are once again available at very cheap prices. About half a percent in gold and 1.19 percent in silver is being traded at cheap prices.

gold in futures market
Today, gold is getting in the futures market with a fall of about half a percent. On the Multi Commodity Exchange, gold is selling at Rs 49,905 per 10 grams, down 0.47 percent. This price of gold is for its December futures. Today, the effect of falling global gold prices is also being seen on the domestic bullion market.

Big fall in silver today
On the Multi Commodity Exchange ie MCX, silver is seeing a decline of about one and a quarter percent today. Silver December futures on MCX is trading at a rate of Rs 55977, down 1.19 percent. This price of silver is for its December futures.

What is today’s opinion for gold
ShareIndia’s VP, Head of Research Dr Ravi Singh says that gold prices can trade in the range of Rs 49900-50500 today. The first support for gold is at Rs 50,000 and for today gold can be seen trading in the range, it is expected.

trading strategy for gold

To buy: Buy when above 50300, target 50500 stop loss 50200

To sell: Sell if it goes below 50000, target 49800 stop loss 50100

Support 1- 50000
Support 2- 49860
Resistance 1- 50340
Resistance 2- 50550

Today in the country’s market, where gold is trading with a slight decline and there is not much change in the price of silver. In the international market, gold and silver are facing the rise of the dollar, the effect of which is being seen on their prices.

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