Gold, silver rates descend to Israel-Iran-wet; Is it time to add more or book profits? | Einsmark news

Gold Price Today: Gold prices rose by £ 274 to £ 97,297 per 10 grams in futures, powered by strong demand in the place market and fresh positions taken by speculators. On the Multi Commodity Exchange, the August gold contract climbed £ 274 or 0.28 percent to £ 97,297 per 10 grams, with a trading volume of 13,447 lots. The MCX Silver Price rose by £ 299, or 0.28 percent, to reach £ 1,05.216 per kilogram. In global markets, gold prices have strengthened as the US dollar and treasury returns have fallen. Spot gold rose 0.2% to $ 3,328.89 an ounce after reaching a two -week low on Tuesday. Meanwhile, US gold futures increased 0.3% to $ 3,343.00. Spot Silver remained unchanged at $ 35.90 an ounce. “Gold and silver dropped sharply after the US president confirmed a ceasefire in the Israeli-Iran conflict, causing the profit discussion amid the relief of geopolitical tension. MCX gold prices fell by 2.91% to 96,500, a biggest drop from 1 day after November 25, 2024. ”Says Rahul Kalantri, VP Commodities, Mehta Equities Ltd. Gold and Silver Price: Should your profits book? According to Riya Singh research analyst, commodities and currencies, Emkay Global Financial Services, Gold has a strong support of about 3300-3280 levels. The risk premium that has arisen as a result of escalation between us – Iran is what we see that we are shooting out. “We can see that there is more profit on sideways, as Fed has retained the position of the interest rate higher at 4.5%. Gold will gain the support of the investment, which is visible with the golden ETF flow that becomes positive. Buy the dips the strategy should be the domestic market, the gold prices, it is a great support of 94500 and see no further. recommends selling silver with a target price of £ 102,879. The price made a highlight at $ 37.31. The price has withdrawn in the past few sessions, which is currently trading from $ 35.97 / ounces. After reaching its peak in the Indian market against I0P. 748; Silver has shown a signs of weakness in the past few sessions. Under106.000. He further expects a further decline in silver price in upcoming sessions and traders may seek a brief opportunity for the target levels of 102,379 with a given stop loss of £ 107,400. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, not coin. We advise investors to check with certified experts before making investment decisions.