Gold Silver Rate Today: Today there is a rise in the prices of gold and silver. In MCX future market, the price of 10 grams of 24 carat gold has increased by Rs 1,500 to Rs 1.62 lakh. One kilogram of silver is trading at Rs 2.75 lakh, increasing by Rs 8,000. In the international market, the gold rate on COMEX is seen increasing by 68.30 or 1.34 percent to around 5,172. It touched a high of 5,195.80 and a low of 5,127.10 in intraday. It opened at 5,152.40 per ounce.
Commodity experts say that gold has strengthened due to weakness in the US dollar and sharp fall in crude oil prices. International oil prices have fallen from Rs 119.43 per barrel to Rs 90 per barrel. Crude oil has fallen by about 4 percent intraday. It is down nearly 25% from yesterday’s 52-week high of $119.43 per barrel.
A look at other commodities
Among other commodities, March copper futures are trading at Rs 1,203, up 0.75% or 8.95%, and March crude oil futures are trading at Rs 8,365, down 4.70% or 4.70%. Meanwhile, March Natural Gas futures are trading at Rs 289.70, down 0.24% or 0.70%.
Earnings Calls in Commodities
Manoj Kumar Jain of Prithvi Finmart is giving tips for sharing earnings calls in commodities. Today, earning opportunities are visible in Gold Mini and Natural Gas. Buy call is recommended in Gold Mini (Apr) contract around Rs 160,000, with stop-loss of Rs 158,800, target Rs 162,200. Buy call is advised in Natural Gas (MAR) futures around 288, target of ₹300 with stop-loss of ₹281.
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