Gold Price Today – Gold price up by Rs 25, Silver by Rs 235 in morning trade after falling on Tuesday; Expert recommends this today

The current spot price of Gold and Silver in Delhi markets was Rs 47,500 per 10 gm and Rs 70,800 per kg. Gold prices have corrected by around Rs 300 while Silver prices have come down by almost Rs 700 from the last reported levels on Tuesday, Expert Anuj Gupta said

Anuj Gupta said that he expected a further fall in the price of Gold and Silver in the near term

The fluctuations in the price of Gold and Silver continues. On Wednesday, MCX Gold and Silver started positively. While the former was up by Rs 23 after a Tuesday fall of over Rs 100, the price of Silver was also up by Rs 235 after falling by over Rs 1100 on Tuesday.

Gold, Silver Price Fluctuations

The current spot price of Gold and Silver in Delhi markets was Rs 47,500 per 10 gm and Rs 70,800 per kg. Gold prices have corrected by around Rs 300 while Silver prices have come down by almost Rs 700 from the last reported levels on Tuesday, Gupta said.

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Gupta said that he expected a further fall in the price of Gold and Silver in the near term.

MCX Gold, Silver trading strategy

On Tuesday, the MCX April Gold Futures fell by Rs 100 and ended at Rs 46798. At 9 am today the Gold Futures were trading at Rs 46,825, gaining Rs 25. For those traders who are holding Gold Futures, Gupta recommended a sell at Rs 47,000. He puts the stop loss at Rs 47,300 while the target price at Rs 46,400.

On Wednesday, the Silver futures were trading at Rs 70,856 per kg around this time gaining by almost Rs 235 from the Tuesday closing. He recommended a Sell in Silver Futures at Rs 70,000. He puts the stop loss at Rs 70,700 while the target price at Rs 68,500.

International Spot Gold price

The international spot price of gold is USD 1810 which is down from the last reporting price of USD 1812.

International Spot price of Silver

The international spot price of Silver is USD 27.75 which is down from the last reporting price of USD 28.

Gold Price Today - If you are planning to buy gold and silver then you must know the expert view on this. There is some volatility in bullion and that you impact your investment decision and later the profits, Gupta said. His recommendation to investors is to Wait and Watch!

The senior technical analyst said that the domestic prices of Gold and Silver will depend upon how the international prices move. He said that the current near term trend is difficult to assess as the prices are moving both ways. It is best advised to wait and watch for the trends to become clearer, he further said.

There is some weakness in Gold because of the rising bond yields in the US he said.

Since the beginning of 2021, Gold has become cheaper by over Rs 3000 or around 6.4 per cent, Gupta said. As for silver, the prices have increased by 3.6 per cent or over Rs 2400.

International Spot Gold price

The international spot price of gold is USD 1812 which is up from the last reporting price of USD 1785.

International Spot price of Silver

The international spot price of Silver is USD 28 which is up from the last reporting price of USD 27.45.

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