Gold Rate Today: There is a softening in the prices of gold and silver on Friday. The price of gold on the domestic futures market ie MCX has fallen by Rs 34 to Rs 58367 per kg.
Gold Rate Today:
There is a softening in the prices of gold and silver on Friday. The price of gold on the domestic futures market ie MCX has fallen by Rs 34 to Rs 58367 per kg. Similarly, the price of silver has also fallen. On MCX, silver fell by Rs 28 to reach Rs 70296 per kg.
Gold in international market
A slight jump in the prices of gold and silver is being recorded in the international spot market. Gold price on Comax is trading at $1917 per ounce. Similarly, the rate of silver is also trading at $22.90 per ounce on Comax. In the early trade, pressure was being seen on the prices of gold and silver. Yesterday gold had lost around $12. Strong US Labor data did the job of putting pressure on the bullion market.
Outlook on Gold and Silver
Ravi Diora of Kunvarji said that a rise in gold can be seen. The price of gold on MCX can reach up to Rs 58800 per 10 grams. For this buy by placing a stoploss of Rs.58000. At the same time, there is a sell opinion on silver. He said that silver can slip up to Rs 69500 per kg. For this, keep a stoploss of Rs 71000.
