Gold and silver prices today edged higher in domestic markets, following advances in global rates. On MCX, gold futures rose 0.14% to Rs 51840 while silver gained 0.15% to Rs 68365 per kg. In the previous session, gold rose 0.8% while silver gained about 0.9%, following advances in global rates. Gold rate jump today, check latest rate.
We expect both Gold and silver prices to remain volatile in upcoming sessions ahead of NATO and EU two-day summit. Gold has support at $1910-1895, while resistance at $1950-1964. Silver has support at $24.78-24.55, while resistance is at $25.40-25.64.
In rupee terms gold has support at Rs 51,280–51,000, while resistance is at Rs 51,950–52,080. Silver has support at Rs 67,700- 67,220 while resistance is at Rs 68,450–68,940,” he added. Apart from this, if we talk about the prices of silver, then today silver has seen an increase of about Rs 245 per kg. After this increase, silver closed at Rs 67,822 per kg.
Silver had closed at Rs 67,577 per kg in the previous trading session. Among the precious metals’ prices in the international market, gold was trading marginally higher at $ 1,923 an ounce. On the other hand, silver was almost unchanged at $ 24.96 an ounce.
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HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “The spot gold price remained strong at USD 1,923 an ounce on the New York-based commodity exchange Comex on Wednesday. Gold remains attractive as a safe investment option amid concerns about Russia-Ukraine war.
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You can also use the government app to check the purity of gold. Through the ‘BIS Care app’, you can check the purity of gold whether it is real or fake. Apart from this, you can also complain through this app.
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