Global gold and silver prices rise


Gold prices today: Gold and silver prices are rising globally

The price of 24 carat pure domestic gold traded at Rs 47,641 per 10 grams on Friday.

Gold prices in India: Gold futures soared on Friday, October 22, taking notes from international spot prices. On the Multi Commodity Exchange (MCX), gold futures for December 3 delivery last rose 0.58 per cent to Rs 47,678, compared to the previous close of Rs 47,404. Friday futures for December 3 delivery rose 0.83 percent to Rs 65,552 from Rs. Found before 65,013.

The price of 24 carat pure gold rose by Rs 47,641 per 10 grams on Friday and Rs. 64,891 – both GST (excluding goods and services tax) by the Mumbai-based Indian Bullion and Jewelers Association (IBJA).

Forex Rates:

On the global front, the price of gold rose and was ready for a second weekly gain as a soft dollar rested slightly against higher US bond yields. Spot gold rose 0.1 percent to $ 1,785.00 an ounce. US gold futures rose 0.2 percent to $ 1,786.00. The US dollar index was last at 93.733, which changed slightly as it continues its fall from a 12-month high of 94.565 earlier this month.

Analyst view:

Ravi Singh, vice-president and research head of ShareIndia, said: “Gold MCX traded in the restricted zone yesterday, despite strong dollar and high US Treasury pressure. Traders are paying close attention to US Federal Reserve officials. The bank should start completing its stimulus measures, but said it would raise interest rates very soon.

He suggested, “Buy Rs 47,300 for the Rs 47,599 target; sell the zone below – Rs 47,100 for the Rs 46,900 target.”

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