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Gold Silver Rate Update: A strong rise is being seen in the gold rate today and a tremendous jump is being recorded in the silver rate as well. Gold has crossed Rs 54,000 per 10 grams and now there are signs of reaching its all-time high. Gold is also trading very fast in the international market and silver is trading with a jump of more than one percent.
How are gold prices on Multi Commodity Exchange today?
If we look at the price of gold on the Multi Commodity Exchange, it is trading at a brisk pace. A jump of more than Rs 350 has been registered in its price. Today, gold February futures on MCX have risen by Rs 362 or 0.67 per cent to Rs 54212 per 10 grams.
Silver Price on Multi Commodity Exchange
If we look at the price of silver on the Multi Commodity Exchange, it is showing an increase of more than Rs 850-900 per kg. At present, the rate of silver February futures has come to the level of Rs 67300 per kg with a jump of Rs 851 or 1.28 per cent. This strong rise in silver is being seen due to increase in global industrial demand.
Gold and silver prices rose in the global market
Gold and silver are on the rise in the international market today and gold is trading at $ 1,820.75 an ounce on Comax with a gain of $ 11.15 or 0.62 per cent. On the other hand, silver is trading at $ 23.485 an ounce on Comax with a strength of $ 0.235 or 1.01 percent.
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gold trading strategy
Dr. Ravi Singh, VP, Head of Research, Share India, says that today only a bullish outlook is being formed for gold. Gold rate today after opening near Rs 53850-53900 per 10 grams can trade in the range of Rs 53600-54200 per 10 grams.
gold trading strategy
To buy: Buy above Rs 53900, target Rs 54100, stop loss Rs 53800
To sell: Sell below Rs 53600, target Rs 53400, stop Rs 53700
Support 1- 53615
Support 2- 53375
Resistance 1- 54030
Resistance 2- 54205
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