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Gold Rates Today: There is a rise and fall in the prices of gold and silver. Gold prices have gained around Rs 150 in the domestic futures markets. The price of gold on MCX has crossed Rs 61,000 per 10 grams. Similarly, the price of silver has also increased by Rs.310. The price of silver on MCX has touched Rs 73,400 per kg. Let us tell you that the prices of gold and silver are much below the record high.
Gold and silver prices fall from record highs
There is a strong rise in the prices of gold and silver on MCX today. But both the prices have fallen well below the record highs. The price of silver on MCX is around Rs.100. 5,000 is reduced. Last week, there was a weakness of about 7 percent in silver. The main reason for this is the strength in the dollar index, which is near its 5-week high. Dollar index has reached close to 102.65.
Status of gold and silver in the international market
Gold and silver prices have declined in the international market. Gold is trading at $2023 an ounce on Comex. Similarly, silver is also trading with a slight increase at $ 24.24 an ounce. There is pressure on the prices of both.
outlook on gold and silver
According to Amit Sajeja of Motilal Oswal Commodities, pressure can be seen in the prices of gold and silver. Gold can be traded on MCX. The target for this is Rs 60600 per 10 grams. Also there is a stop loss of Rs 61300. Also, the target of silver is Rs 72500 and the stop loss is Rs 74200.
