Gold Price Today: The price of gold and silver has also broken in the foreign market. Gold is trading at $2000 per ounce on Comax. A slight softening of about $3 is being recorded in gold. Similarly, silver is also trading at $25.26 per ounce.
Gold Price Today: Due to the commotion around the world, action is being seen once again in the prices of gold. Due to weak global signals, gold has become cheaper in the domestic futures market. Gold on MCX has become cheaper by about Rs 100 and has slipped below Rs 60,200 in early trade. Similarly, the prices of silver have also fallen. MCX Silver is trading at Rs 75250 per kg after falling by Rs 222.
Gold in international market
The price of gold and silver has also broken in the foreign market. Gold is trading at $2000 per ounce on Comax. A slight softening of about $3 is being recorded in gold. Similarly, silver is also trading at $25.26 per ounce. The main reason for the softening of gold and silver prices in the international market is the update on bond yield and FED rate hike. In fact, due to the rise in bond yields and the possibility of a brake on the increase in interest rates, pressure is being seen on gold prices.
Expert opinion on gold and silver
According to commodity market expert and Anuj Gupta of IIFL Securities, gold and silver prices will continue to rise on MCX. Investors have a buying opinion for the June contract of gold in the futures market. Under this, the price of 10 grams of gold can reach up to Rs 60,500 in the coming days. Similarly, the May contract of silver will also go up and its price will go up to 76000.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
