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Gold Silver Price Today: Gold and silver prices are skyrocketing amid global uncertainties. Gold and silver prices have reached historic highs in Ahmedabad. Gold and silver also reached record high on MCX.
Gold price in Ahmedabad today against yesterday's closing rupee. It was increased to Rs 400. 80700 per 10 grams has reached a record high, while silver has reached Rs 80700 per 10 grams. It became expensive by Rs 1500. 97000 per kg has been quoted. Which is the record price so far. Considering the current rise, silver will reach Rs 500 per liter in the next two months. Commodity experts are predicting the possibility of crossing the figure of 1 lakh.
Bumper jump in silver on MCX
Gold and silver reached new record highs on MCX today. Silver December 5 futures Rs. Increased to Rs 2648. 98050 per kg, December 5 gold futures at Rs. Reached Rs 595. It has closed at Rs 78344 per 10 grams.
Record rise in silver will continue
In some cities of the country the price of silver is Rs. The level of Rs 1 lakh per kg has been crossed. Jatin Trivedi, Commodity-Currency Research Analyst at LKP Securities, expressed hope that silver will continue to rise on increased demand from electric vehicle sector and photovoltaic applications apart from retail buyers.
Silver resistance level 1 lakh
Commodity experts quoted silver at MCX at Rs. 1 lakh per kg as resistance level while Rs. 96000-96500 per 1 kg are being considered as support levels.
What next in gold and silver?
Uncertainties have increased due to voting polls regarding the presidential elections in America. The possibility of decline in interest rates has increased. On the other hand, interest rates have been reduced by the central banks of other countries. There are signs of economic improvement in China due to the relief package. Overall, global challenges and uncertainties have turned investors towards the precious metal. The rise is likely to continue for the next six-seven months.