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Gold Silver Rate: Gold and Silver are giving you ample opportunities for shopping in the festive season. Even today gold has become very cheap and silver is seeing a fall of more than 1000 rupees. Today the festival of Ahoi Ashtami is being celebrated in many parts of the country and this is another festival in the chain of festivals. Today, gold has become cheaper in the bullion market and there is a strong fall in the prices of gold and silver in the futures market.
Know the price of gold and silver today
Gold and silver prices have been falling in the futures market for the past several days. A fall of Rs 1700 has been recorded in the price of gold last week from its high levels and today, on the first day of the trading week also, tremendous cheap prices are visible in gold and silver. Dhanteras is the biggest festival for buying gold and silver on Saturday this week and before that gold and silver are giving you plenty of opportunities for shopping.
Gold and silver prices in futures market
In the futures market, gold is getting down by Rs 369 or 0.72 per cent at Rs 50,536 per 10 grams on the Multi Commodity Exchange today. These gold prices are for December futures. Apart from this, a fall of more than Rs 1000 is being recorded in silver today. Silver December futures price at Rs 1075 on Multi Commodity Exchange
Or a decline of 1.88 percent is being seen. Silver prices are at Rs 56,250 per kg.
currency expert opinion
Dr Ravi Singh, VP, Head of Research, Share India says that today gold is expected to trade in the range of Rs 50000-50500 per 10 grams. Today the business outlook for gold is of a downtrend.
Trading strategy for today
To buy: Buy when it crosses 50300, target Rs 50500 stop loss Rs 50150
For Selling: Sell if it goes below 50100, target Rs 49900 stopplus Rs 50250
Support 1- 49980
Support 2- 49850
Resistance 1- 50765
Resistance 2- 51270
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