Gold Rate Today: Gold prices are hovering around their record high levels. Gold prices have increased this week between a sharp decline in US dollar and tariff war. Gold futures closed at Rs 85,820 per 10 grams on Friday at MCX Exchange. This is Rs 1,618 higher than the closed price of Rs 84,202 last Friday. In this way, gold has become expensive by Rs 1,618 in a week. However, the price of gold is currently ₹ 729 less than a record high level of ₹ 86,549 per 10 grams.
There are expressions around the record level
This week the price of gold closed down ₹ 86,000 after touching the weekly high level of ₹ 86,356. In this way, the domestic prices of gold continued to hover around the high levels of record high levels. Spot gold in the international market closed at $ 2,910 an ounce, which was about $ 52 more than the last Friday’s $ 2,858. While the price of gold on comex closed at $ 2,914 an ounce, which is about $ 52 more than the closed price of $ 2,862 per ounce last Friday.
Important levels
According to Kedia Advisory MD Ajay Kedia, gold prices are seeing significant resistance at levels of ₹ 86,350 to ₹ 86,600. If there is a breakout from here, prices can go up to Rs 87,500 per 10 grams. If the prices fail to break this resistance, then the decline can also be seen. However, support will be held at Rs 84,300 and then Rs 83,500.
These figures will be monitored
Regarding the important triggers dominating gold prices in the near future, SS Wealthtestrate’s Sugandha Sachdeva said, “Investors are keeping an eye on the US inflation figures for February. Along with the productive price index and weekly unemployment claims will also keep an eye on the claims. Development will be an important catalyst in shaping gold prices. “
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