Gold Silver Price Today: Gold and silver prices continue to rise. Gold price on MCX is expensive by Rs 35 and is trading near Rs 58142.
Gold Silver Price Today: Gold and silver prices continue to rise. Gold price on MCX is expensive by Rs 35 and is trading near Rs 58142. A jump is also being seen in the prices of silver. Silver has become costlier by Rs 117 on MCX. Its price has reached the rate of Rs 69458 per kg. According to experts, the rise in the prices of both is going to continue.
Gold rate in international market
There is a softening in the prices of gold and silver in the international market. Gold is trading at $1924 per ounce on Comax. Similarly, there is a softening in the prices of silver as well. Silver has slipped to $ 22.93 per ounce on Comax. After good economic data in America, Jerome Powell’s speech will be in the eyes of investors. Before that pressure is being seen on the bullion market.
Outlook on Gold and Silver
Commodity market expert and Vice President of IIFL Securities, Anuj Gupta has predicted a rise in the prices of gold and silver. He said that the price of gold on MCX can reach the level of Rs 58700 per 10 grams. For this, buy the August contract at Rs.58300 level with a stoploss of Rs.57700.
Anuj Gupta said that buy the July contract of silver on MCX at Rs.68500. Silver can further reach the level of 70000 rupees. Buy for this with a stop loss of Rs 68000.
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