Gold-Silver Rate Today: Heavy fall in the prices of gold and silver, know the latest price of gold and silver.

Gold-Silver Rate Today In India: There has been a huge fall in the prices of gold and silver in the Indian bullion market today. In early trading on MCX, the rates of both the precious metals have come down, which has brought some relief to the customers. The direct impact of the strengthening of the dollar and fears of rising inflation is visible on the price of gold and silver. Gold’s shine has also faded due to crude oil rates remaining above $100 in the international market.

America’s very positive talks with Iran and the situation in West Asia have had an impact on the rate. The US Federal Reserve has maintained interest rates at 3.5 to 3.75 percent, which has an impact on the market. Personal Consumption Expenditure Price Index has also increased by 0.70 percent which is quite high. Due to all these global reasons, investors in the domestic market are getting the opportunity to buy gold at low prices today.

today’s latest price

On MCX, Gold June futures are down by 0.23 percent at Rs 1,51,005 per 10 grams. Meanwhile, Silver July futures are also trading 0.15 percent lower at Rs 2,50,549 per kg. According to market experts, today the dollar index has increased by 0.06 percent, the effect of which is visible on the prices.

target price of gold

According to experts, gold is currently getting strong support at the level of $4632 to Rs 4600. On the upside, this precious metal is facing resistance from $4700 to $4740. Investors should make proper investment plans keeping this target price and support level in mind.

silver support levels

The strong support price of silver is seen at the level of $ 74.40 or $ 72. At the same time, the resistance level of silver is clearly visible at $ 78.80 to $ 80.40 per troy ounce. Silver prices also continue to fluctuate, so it is very important to keep a close eye on every update in the market.

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Political changes and economic indices in West Asia will further influence gold and silver prices. Experts advise to understand the market risks very well before making any kind of investment. The gold and silver market is subject to risks, so invest your money safely with full discretion.