BIG opportunity for gold buyers! Yellow metal set for sharp rise, Check Here Today`s Gold Rate In J&K
Gold and silver prices edged higher today in Indian markets, tracking positive global cues. On MCX, June gold futures were up 0.35% to near one-month high of ₹45503 per 10 gram while silver rose 0.6% to ₹64,943 per kg. In the previous session, gold and silver had dropped 0.15% and 0.9% respectively. Gold has been trading in a range of ₹45,700 to ₹44,100 over the past one month.
Speaking on the gold price outlook Anuj Gupta, Vice President — Commodities & Currrency trade at IIFL Securities said, “Technically gold price is showing positive momentum and heading towards upside. US president Biden is planning to increase corporate tax and spendings on infrastructure.
In the domestic market, Gupta said that demand for gold is expected to rise as the next two months will be marraige season in India. He said that gold price at MCX has strong buying range at Rs 45,200 for the immediate target of Rs 45,900
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Today’s Gold Rate in Srinagar ( 06 Apr 2021 )
| Today | Yesterday | Rate Change | |
| Standard Gold (22 K) ( 1 gram ) | ₹ 4,345 | ₹ 4,362 | ₹ -17 ↓ |
| Standard Gold (22 K) ( 8 grams ) | ₹ 34,760 | ₹ 34,896 | ₹ -136 ↓ |
| Pure Gold (24 K) ( 1 gram ) | ₹ 4,562 | ₹ 4,580 | ₹ -18 ↓ |
| Pure Gold (24 K) ( 8 grams ) | ₹ 36,496 | ₹ 36,640 | ₹ -144 ↓ |
Today’s Gold Rate in Jammu( 06 Apr 2021 )
| Today | Yesterday | Rate Change | |
| Standard Gold (22 K) ( 1 gram ) | ₹ 4,335 | ₹ 4,334 | ₹ 1 ↑ |
| Standard Gold (22 K) ( 8 grams ) | ₹ 34,680 | ₹ 34,672 | ₹ 8 ↑ |
| Pure Gold (24 K) ( 1 gram ) | ₹ 4,556 | ₹ 4,552 | ₹ 4 ↑ |
| Pure Gold (24 K) ( 8 grams ) | ₹ 36,448 | ₹ 36,416 | ₹ 32 ↑ |
Trading strategy
“We expect gold prices to trade sideways to up for the day with COMEX gold support at $1,720 and resistance at $1,760 per ounce. MCX Gold June futures support lies at Rs 45,200 and resistance at Rs 45,900 per 10 gram,” said Tapan Patel, Senior Analyst (Commodities), HDFC Securities.
Global markets
Spot gold was up 0.3 per cent at $1,733.31 per ounce, as of 0117 GMT. Gold futures were up 0.4 per cent at $1,735.10 per ounce.
Silver rose 0.3 per cent to $24.96, while palladium was down 0.3 per cent at $2,657.66 per ounce. Platinum edged up 0.1 per cent to $1,209.76 per ounce.
(With Inputs From Agencies)