Experts say that in the next 6-12 months, gold can go up to 56500 or even above. There will be a rise in the price again, so this is a golden opportunity for investment.
Seeds of continuous upward trend in US bond yields are showing pressure on the price of gold on the last day of the week. Gold is currently trading at the level of 46200. At 10.30 am, gold for April delivery fell by Rs 19 to trade at Rs 46222 per ten gram level. Similarly, June delivery gold was trading down by Rs 24 to trade at Rs 46371.
In the international market, there is pressure on the price of gold. At this time, gold for April delivery was trading at $ 1,765.75 per ounce with a decline of $ 9.65 (-0.54%). Talking about silver, the silver for March delivery was trading at $ 27.28 per ounce with a drop of -0.35 (-1.27%) in the international market. There is 28.34 grams in one ounce. Silver for March delivery was currently trading at Rs. 7,722 per kg, down by Rs. 55722 per kg and Rs. 602 by May delivery on MCX.
Gold Price in Delhi today
Gold price in India today [today]
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Indian Major Cities Gold Rates Today
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Gold price in India chart
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Gold slipped in bullion market
Gold prices fell by Rs 358 to Rs 45,959 per 10 grams at the bullion market in the national capital on Thursday amid selling trend in the global markets. HDFC Securities gave this information. In the previous trading session, gold had closed at Rs 46,313 per 10 grams. Gold prices fell while silver became expensive. Silver has gained Rs. 151 to Rs. 69,159 per kg. Whose previous closing price was 69,008 kg.
Gold can reach level of 56500
Navneet Damani, Commodity Research, Motilal Oswal Financial Services Ltd, says that gold is currently at a strong position of $ 1800 in the international market. It is expected to reach $ 2150 in the medium term. He said that due to a 5 percent reduction in import duty, the price of gold is also seen to decline, but in the next 6-12 months it can go up to 56500 or even above. Commodity market experts still say that there will be a rise in the price again, so this is a golden opportunity for investment.
