look news india
Gold prices in Ahmedabad: The rise of the precious metal has increased after the worsening situation of Iran-Israel war. Gold in Ahmedabad today Rs. Rs 500 were increased. 75,500 per 10 grams, while spot silver again rose to Rs. Increased to Rs 1000. 84000 per kg has reached its highest level till date. Due to the geopolitical crisis between the Middle East countries, the dollar as well as the precious metal has witnessed a record-breaking rise.
Silver in April Rs. increase of 8000
So far in the month of April, the price of silver has reached Rs 2.55 crore. Whereas the price of gold has increased by Rs 8000 per kg. There has been an increase of Rs 5000 per 10 grams. Considering the rise in silver, commodity experts expect the price of silver to reach Rs 1000. 100000 per kg are expressing optimism.
Precious metals will remain bullish
Rahul Kalantari, Vice President (Commodities), Mehta Equities, says that global investors are scared in the current scenario. They are investing money in safe assets like gold and silver instead of risky assets. Due to this, the shine of the precious metal is increasing despite the strength in the dollar index.
Support levels for spot gold are at $2366-$2348 and resistance levels are at $2405-$2422, while support levels for silver are at $28.40-$28.20 and resistance levels are at $28.90-$29.12. Gold on MCX is Rs. 71,980 and Rs. 71,750 while resistance is Rs. 72,480 and Rs. Is at 72,710. As far as silver is concerned, its price is Rs. 83,140- Rs. 82,380 on support and Rs. 84,640 and Rs. Resistance is seen at 85,280.
Profit booking begins in precious metals globally
US Treasury yields hit a five-month high amid strong prospects of a rate cut delay by the US Fed. Its effect was seen on spot gold and spot silver. Apart from this, gold fell 1.7 percent today to $ 2,372.27 an ounce as investors booked profits after rising 1.7 percent and reaching close to a record high.