Gold prices in India: Gold and silver futures rose on Monday, November 29, taking notes from international spot prices. On the Multi Commodity Exchange (MCX), gold futures for December 3 delivery last rose 0.53 per cent to Rs 47,836 from the previous close of Rs 47,585. Silver futures for December 3 delivery rose 1.18 per cent to Rs 62,775 against the previous close of Rs 62,045.
24 carat pure domestic gold at Rs 48,118 per 10 grams and silver at Rs 63,095 per kg on Friday.
And Opening To 29/11/2021
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Globally, concerns about the impact of the Omigron Corona virus variation weighed on a stronger dollar as gold prices soared, prompting investors to assess whether the origin of the variation could change the US Federal Reserve’s worsening position. Spot gold rose 0.2 percent to $ 1,794.87 an ounce and US gold futures rose 0.5 percent to $ 1,794.20.
Ravi Singh, Vice President and Head of Research, ShareIndia: “The price of gold is rising due to the new and potentially resistant vaccine variant found in South Africa and some Asian countries. World economies are already in the throes of high inflation and economic turmoil. . “
“Buy the zone above – Rs 47,000 for the target of Rs 48,000; sell the zone below – Rs 47,300 for the target of Rs 47,000,” he suggested.
Amit Kare, AVP – Research Materials, Ganganagar Commodity Limited: “We are seeing profit bookings in bullion from the last 5-6 trading sessions. Currently the current levels are the best prices for short term investors. According to the technical chart, the overall structure of gold and silver is positive. The momentum indicator RSI also quoted. Short-term investors are therefore advised to create new long-term short-term near the given support levels.They should focus on the key technical levels for the day: February Gold Final Price Rs. 1 – Rs 48,170, Resistance 2 – Rs 48,350. March Friday closing price Rs 62,965, Support 1 – Rs 62,450, Rs 61, 2 – Rs 61, 80, Rs 65,000 “