Gold prices today: Gold prices in Ahmedabad fell by Rs 1200 last week. Rs 500 were increased. 74000 per 10 grams. Silver also Rs. Increase to Rs 1000. It was being quoted around Rs 82000 per kg. Here the price of gold is 99.9 and the price of silver is given.
The price of gold on MCX is Rs 2.55 per kg. 500 has increased to 71200. The rise in gold and silver was driven by renewed tensions in the Middle East as well as weak US employment data. Due to this, the possibility of cutting interest rates by the US Fed this year has again increased.
Commodity experts are optimistic that gold will trade in the range of 70000 to 72500 in the next short term. Globally, gold spot was trading at $ 2326.80 an ounce with a gain of $ 18.40.
Dollar stable, rupee falls 6 paise
The dollar index remained steady at 105 today due to unexpectedly weak US employment data. Rupee fell by 6 paise to close at 83.50 and finally closed by falling by 4 paise at 83.49. There may be pressure on the rupee against the dollar in the Lok Sabha elections. In which trading can be done in the range of 83.35-83.65.
Crude oil prices increased
Crude oil futures prices rose today due to renewed tension in Saudi Arabia. Brent crude rose 77 cents to $83.73 a barrel, while U.S. Texas crude futures rose 87 cents to $78.98 a barrel.
