Gold Rate Today: The price of gold is trading in a Range. The rate of 24 carat gold in the country is at Rs 98,000 and 22 carat gold rate at Rs 89,600. Most of the investors are thinking that at this time, investing in gold or selling gold should be earned. If experts are believed, the price of gold can reach Rs 1,10,000 by the end of the year. The price of gold can come up to Rs 95,000. In such a situation, what should investors invest in gold do? According to experts, investors are turning to gold as a safe option due to increasing business and political tension. The decline in the dollar is also supporting gold prices.
10 grams of gold will be Rs 1,10,000
Angel One estimates that the price of gold can reach Rs 1,10,000 per 10 grams in the next one year. They suggest that investors purchase gold around Rs 85,000 and keep for a long time.
Gold will do business in this Range?
According to Manoj Kumar Jain of Prithvi Finmart, gold support level can remain 95,000-94,600 and 95,800-96,160 rupees. Silver support level can remain at the level of Rs 97,100-96,600 and up to Rs 98,300-99,100. He has advised investors to buy silver around Rs 97,200-96,800. Also, the target is 98,400 and Stoploss 96,400 rupees.
Gold price in big cities of the country
Today, 22 carat gold in Delhi was Rs 89,650 and 24 carat gold was Rs 97,790 per 10 grams. In Mumbai, 22 carat gold is trading at Rs 89,500 and 24 carat gold at Rs 97,640 per 10 grams. Experts believe that gold is still a safe investment option and gives better returns in a long time.
Will gold rise ahead?
Gold-silver fluctuations were seen by the Federal Court of America after stopping the tariff plan of the Trump government. The prices again recovered after Trump announced the appeal. During this period, the dollar index also stood at 99.44 levels, giving the bullion support. Unemployment figures in the US increased to 2.4 lakhs, which were more than expected, and the decline in GDP also gave gold support. Experts hope that gold can then catch speed in the near future. Investors can take advantage of this decline opportunity and invest in gold for a long time.
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