Gold and silver prices in India have also risen today due to strong global cues, weak dollar and rising gold prices in international markets and large US stimulus package. Today gold is trading above 48,000 while silver is also trading above Rs 70,000 per kg. Futures gold (Future Gold), delivered on Multi Commodity Exchange (MCX) at 10.30 am today on April 5, is trading up by 0.50% i.e. Rs 241 to Rs 48,080 per 10 gram level.
At the same time, on 05 March, futures silver with delivery was trading at Rs 70,384 per kg with a gain of 0.43% i.e. Rs 300. In the last 3 days, gold prices have increased by Rs 1300 per 10 grams and silver prices by Rs 3000 per kg.
Spot Gold accelerates in global markets
Gold also saw a boom in the international market today. Spot gold in the US today is trading 0.6% higher at $ 1841.11 per ounce. At the same time, US futures gold is also trading up 0.4% at $ 1841.70 an ounce. At the same time, silver is trading up 1% at $ 27.53 an ounce level.
Investment advice on Deep for Rs 47,580
Market experts have advised investors to invest in gold at Rs 47,580 deep, to make a profit by selling it at a target of Rs 49,100 per 10 grams. Gold prices have risen for the second consecutive day today. Gold prices have soared in the hope that US President Joe Biden will try to pass a $ 1.9 trillion relief package to the Senate to pull the US economy out of the Corona virus epidemic. Manith Jain, director of Prithvi Finmart, told Moneycontrol that gold and silver prices will continue to fluctuate now. Gold can face resistance of $ 1858 and silver $ 28.55.
