Gold & Silver Rate Today: Know whether buying gold and silver will be cheap or expensive for you today

Gold & Silver Rate Today: Buying gold and silver jewelry in the domestic market can prove to be expensive for you today because their prices have increased. Both gold and silver precious metals are trading higher than their yesterday’s levels. If seen in the morning trade, both gold and silver have started with gains.

Know the price of gold
If we look at the prices of gold futures on the Multi Commodity Exchange (MCX), it is trading at 47,544 with an increase of 0.22 per cent or Rs 106 per 10 grams. In fact, yesterday in the US, the Federal Reserve’s minutes were issued, which indicated that it would make its policy more soft, due to which the dollar rate was affected. For this reason, today gold is trading at a rapid pace.

Know the effect on the shine of silver
The shine of silver has increased further today and the trend of increasing is being seen in it too. On MCX, silver or silver futures is trading at Rs 63,864 per kg with a gain of 0.41 per cent or Rs 259. On the other hand, talking about the December futures of silver after 10 am, it was trading 0.39 per cent higher at Rs 62,882 per kg.

What do market experts say
HDFC Securities Senior Analyst (Commodities) Tapan Patel says that if we look at the estimates of December futures of gold, then support is being seen at Rs 47200 per 10 grams of gold. Therefore, when this price comes around, more buying is expected to be seen in gold.

gold and silver price in global market
After gaining 0.2 per cent in spot gold, trading is being seen at $ 1792.05 an ounce, this level was seen after coming to its lowest level since November 4. Apart from this, US gold futures are seen trading at $ 1791.70 an ounce after gaining 0.4 percent.

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