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Home Business Gold Prices Today: Gold Futures Rise; Silver Trades Below Rs 64,750

Gold Prices Today: Gold Futures Rise; Silver Trades Below Rs 64,750


Spot gold was flat at $1,836.21 per ounce.

Gold Worth In India: Gold futures traded greater on Monday, January 24, whereas silver charges fell amid muted world cues. On the Multi Commodity Change (MCX), gold futures, due for a February 4 supply, had been final seen 0.26 per cent up at Rs 48,375, in comparison with the earlier shut of Rs 48,249. Silver futures due for a March 4 supply had been final seen 0.11 per cent decrease at Rs 64,733 towards the earlier shut of Rs 64,806.

International Change Charges:

Globally, gold costs had been little modified as buyers awaited the U.S. Federal Reserve’s assembly for clues on its rate of interest hikes, whereas considerations over inflation and Russia-Ukraine discord stored bullion’s safe-haven attract intact.

Spot gold was flat at $1,836.21 per ounce. U.S. gold futures had been up 0.3 per cent to $1,836.80.

Analyst View:

Ravi Singh, Vice President and Head of Analysis, ShareIndia: “Gold costs in India have capped its draw back in comparison with the autumn in COMEX gold costs due to some aid from rupee depreciation. The Fed is the important thing issue to find out gold value tendencies as Covid worries are diminishing. Gold costs traded beneath strain after the Fed introduced hikes in key rates of interest by 2023. We count on gold to stay bullish this week.”

He steered, “Purchase Zone close to – Rs 48,000 for the goal of Rs 48,300. Promote Zone under – Rs 47,800 for the goal of Rs 47,600.”

Amit Khare, AVP – Analysis Commodities, Ganganagar Commodity Ltd: “Gold and silver costs are displaying some revenue reserving on day by day technical chart. Momentum indicator RSI additionally cited the identical in hourly in addition to day by day charts. So merchants are suggested to ebook their longs and may create recent promote close to given resistance ranges. They need to give attention to vital technical ranges given for the day: February Gold closing value Rs 48,249, Help 1 – Rs 48,140, Help 2 – Rs 48,000, Resistance 1 – Rs 48,350, Resistance 2 – Rs 48,500. March Silver closing value Rs 64,806, Help 1 – Rs 64,350, Help 2 – Rs 64,000, Resistance 1 – Rs 65,000, Resistance 2 – Rs 65,400.”


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