While, silver September contracts also soften contracts, strike a new full time at Rs 1,14,875 / kg, which rises 1,874 or 1.65%.
Friday, gold and silver lived in a positive letter to domestic and international markets. Gold August contracts settled at Rs 97,818 per 10 grams with a profit of 1.17% and Silver September contract Rs 1,13,001 per kilogram with 3.5%.
The gold and silver skyrocket among safe buying a safe purchase after the US improvement tariffs reigning in the uncertainty in the world’s financial markets. Gold prices hit a 2-week high and Silver prices reached its highest level since September 2011. Gold prices holding $ 3,280 per troy level of $ 36.40 per troy ounce level.
Silvers outside of the commodities last week with a high high-rated domestic frank and surrounding $ 40 in Comex.
In addition, the US Donald Trump president announced higher trading in different countries, including European Union, Mexico, and Canada, effectively 1st August. Equity Equity Markets Milled after US Trade Targets and supported a safe purchase of trade mugs, “If Gold and US Trade Tarifts can be used for a $ 3,280’s per week.
Today, the US dollar dollar, DXY, hovering near 97.94 marks, fell to 0.08 or 0.08%.
Domestic brokerage firm motilal Oswwal found that gold speculators cut high positions of 1,855 contracts in 1,345,842 of the week until July 8.
“Investors currently await US inflation data for June due to more cues of over the Federal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osilal Osalal Osalal Osilal Osalal Osalal Osilal Osalal Osalal Osilal Osilal Osilal Oswal
How is Gold Sale?
Manoj Kumar Jain suggests the following scope for gold and silver in MCX:
GOLD There is support for Rs 97,440-97,000 and resistance at Rs 98,280-98,850
Silver There is support for Rs 1,11,850-1,10,500 and resistance at Rs 1,14,000-1,16,500
Jain suggested to buy gold around Rs 97,500 with a stop loss of Rs 97,080 for a target of Rs 98,600.
Golden rate of physical market
Golden Price now in Delhi
Standard Gold (22 Carat) Price Delhi Stand at Rs 58,064 / 8 Gold Prices (24 Catat) of 101,928 / 8 grams.
Gold Price Now in Mumbai
Standard gold (22 carat) Mumbai prices standing at Rs 57,432 / 8 prices Rs 61,208 / 8 grams.
Gold Price Now in Chennai
Standard Gold (22 Carat) Price Chennai Stand Rs 56,952 / 8 Gold Prices (24 Catat) of 60,768 / 8 grams.
Gold Price Now in Hyderabad
Standard Gold (22 Catat) Hyderabad Prices Stands Rs 57,152 / 8 Gold Prices (24 Catat) 60,936 / 8 grams.
(Matan -re: Recommendations, suggestions, views and opinions given to experts themselves. This does not represent views of economic times)
