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    Vikshita Vitthal Gujaran in News

    06-Oct-2022 03:01 PM


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    Gold rates today in India jump to highest in one month. Why prices are rising

    Gold and silver rose in Indian markets today, tracking positive global cues.
    On MCX, gold futures were up 0.4% to over one-month high of ₹51,848 per 10 gram.
    A steady US dollar also helped the precious metal.
    However, strength in global oil prices and geo-political tensions between Russia and Ukraine are supporting safe-haven buying in precious metals.
    Gold has support at $1712-1698, while resistance is at $1740-1751.
    Silver has support at ₹60,150-59,440, while resistance is at ₹61,480–62,110," said Rahul Kalantri, VP Commodities, Mehta Equities Ltd. On Wednesday, US data released suggested underlying strength in the economy despite rising interest rates.

    Source - Mint
    #india #gold #silver #goldrates