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Gold Silver Price: The price of gold has been trading with strong momentum for two days. The country’s bullion market is buzzing at the moment because good demand is being seen from the domestic market. At the same time, there is a softening in the dollar price for two days, after which the trend of investors is again turning towards gold. Gold has once again crossed Rs 50,000 in the futures market. The rise in the price of silver for several days continues even today and it is seeing a rise of more than Rs 400 per kg.
How are gold prices in the futures market
Today gold prices remain in the futures market with a jump. Gold October futures is trading at Rs 50,160.00 per 10 grams with a gain of Rs 166 or 0.33 per cent. On the other hand, if we look at the price of silver, it remains at Rs 56,578 per kg for December futures with a jump of Rs 418 or 0.74 per cent.
what is the opinion of the expert
shareindia Of VP-Head of Research Dr. Ravi Singh Said that after increasing the rates of RBI, fear of economic slowdown is seeing recovery in gold from lower levels.
Gold prices have also been supported by the weakness in the US dollar and they are going up. As far as the domestic market is concerned, due to the coming festive and wedding season, the demand for gold is expected to pick up and its prices may climb higher.
trading strategy for gold today
for shopping- Buy near Rs 49700 – Target Rs 50100
for sale- Sell near 49500 – Target Rs 49300
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