New Delhi: Gold prices continue to speed up speed April futures On Thursday on Thursday, a high level of a high level of Rs 86,875 per 10 grams in the Multi Commodity Exchange (MCX,
The yellow metal increased by Rs 0.21 percent or Rs 189, while silver futures could trade at Rs 99,389 per kg below 0.09 percent or Rs 87.
Gold received gold due to investors’ discovery for a safe shelter between American trade tariffs and slowing down global growth. In March alone, gold prices increased by Rs 2,600 per 10 grams, while silver rose by Rs 5,061 per kg.
On Wednesday, both precious metals ended on a positive note in domestic and international markets. The April Gold contract settled up to Rs 86,686 per 10 grams, 0.62 percent, while the Silver May Futures closed at Rs 99,476 per kg, increased by 1.37 percent.
In the international market, gold hit high levels as a continuous result Demand for safe havenThe silver was also at a height of three weeks.
Market spirit and US inflation data
Expectations were met despite the latest American inflation figures being slightly lower than the previous month. This indicates a positive signal for the market that the Federal Reserve can resort to being less aggressive than expected.
This indicated that Fed may adopt a low aggressive policy for interest rates. Manoj Kumar Jain of Prithvifinmart Commodity Research told ET, “We hope that gold and silver prices will remain unstable this week amidst volatility in the dollar index, was unstable, American business, and beyond US PPI data.”
In addition, Jain said that by the end of the two precious metals by the end of the week, $ 2,840 in international markets and $ 31.40 per troy ounces will be above their major support levels.
On Thursday, the US Dollar Index (DXY) was 0.04 percent below around 103.57.
Gold and silver approach
- Sleep: 86,360 to 86,100 support, Rs 87,000 to Rs 87,400. He advised to buy around Rs 86,400 with a target of Rs 87,000, and stop loss for Rs 86,080.
- silver: 98,600 to 97,800 support, Rs 1,00,000 to Rs 1,01,400. He advised to buy around Rs 98,800 with a target of Rs 1,00,500 and a stop loss of Rs 98,000.
Gold prices in Indian cities
- Delhi: 22k gold for 8 grams is Rs 57,992, while 24K gold is Rs 61,832.
- Mumbai: 22k gold is Rs 57,112 per 8 grams, while 24K gold is priced at Rs 60,896.
- Chennai: 8 grams 22k gold is sold for Rs 56,632 while 24K gold is Rs 60,392.
- Hyderabad: For 8 grams, 22k gold is Rs 56,824 while 24K gold is sold for Rs 60,608.
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