Gold Price Today: There is a fall in the prices of gold today. At the same time, the rise in silver prices continues. On the Multi Commodity Exchange (MCX), gold for delivery in February is down by 0.04 per cent at Rs 47970 per 10 grams. Apart from this, silver is up 0.09 percent at Rs 62494 per kg level.
There is a boom in the international market
Talking about the international market, there is a rise in the prices of gold and platinum here. In the international market, gold is up 0.21 percent at the level of $ 1788 an ounce and platinum is up 0.52 percent at the level of $ 971 an ounce. At the same time, silver is down 0.63 percent at the level of $ 22.93 an ounce.
Gold prices will rise further
According to commodity market experts, due to the new variant of Corona, gold prices will see a rise in the coming days. The global equity market has also witnessed heavy selling due to concerns about the new Kovid variant in the price of the yellow metal.
Gold will go up to Rs 52000
According to Anuj Gupta of IIFL Securities, investors can buy gold for short term at the level of Rs 47,500 to Rs 47,700 per 10 grams on MCX. In this, the target price will have to be kept at Rs 48700 and stop loss of Rs 46900 will have to be set. In the coming days, gold will soon touch the level of Rs 49700. At the same time, in the next quarter or by the end of FY 2022, the price of gold can go up to the level of Rs 52,000 per 10 grams.
Gold is getting cheaper by Rs 8200 from the record level
Let us tell you that in August 2020, gold had made a record level of Rs 56200 on the Multi Commodity Exchange. At the same time, today gold December futures are at the level of Rs 48,020 per 10 grams on MCX, that is, it is still getting cheaper by about Rs 8200.
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