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Gold Silver Price: There is a slight fall in the price of gold today, but silver is getting very cheap today. If you want to buy gold and silver in the festive season, then today is the best opportunity to buy silver. There has been a strong decline in silver and it has become cheaper by more than Rs 750. In the futures market today, a slowdown in its prices is being seen for the negative sentiment for silver.
gold price in futures market
In the futures market today, gold is trading at a fall of Rs 42 on the Multi Commodity Exchange. Rates of Rs 49,359 per 10 grams are being seen in its October futures. On the other hand, talking about silver, this precious metal is getting very cheap today. Silver prices have come down by Rs 747 to Rs 55,486 per kg. These are the prices of its December futures.
what the experts say
Ravi Singh, Vice President, Head of Research, Share India, says that the fear of a global recession due to the decline in the global economy – is also affecting the precious metals. Gold prices are falling in front of the tremendous rise of the dollar and the reason for this is that the world’s big central banks are increasing interest rates. Based on the statements of US Federal Reserve officials coming this week, it can be assumed that the price of gold can only be seen to decline or volatility this week.
Today’s Trading Strategy for Gold
for shopping – Buy for target of 49700 when it goes above Rs 49500
for sale- Sell for target of Rs 49100 when it goes below Rs 49300
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