Gold Is In Slight Lower Trend But Silver Is Trading At Upper Levels


Gold Silver Price Update: Mixed business is being seen in Gold and Silver today. While there is a decline in the price of gold, silver is being traded at a brisk pace today. In the international market, a fall in the price of gold is being recorded on Comex and silver is trading flat.

Gold and silver prices in domestic market
In today’s trade, gold is trading with a slight fall and it is trading at Rs 48,055 per 10 grams, down by Rs 12 or 0.02 per cent. These gold prices are of February 2022 futures. On the other hand, silver prices are seen rising by Rs 56 by 0.09 per cent at Rs 61,861 per kg today. These silver prices are of March 2022 futures.

gold and silver price in global market
Today, gold is trading with a slight decline in the global market and it remains trading above $ 1787 an ounce. Apart from this, flat levels are being seen in silver and it is trading around $ 22.23 an ounce.

What do commodity market experts have to say
Commodity market experts say that at this time gold is trading in a limited range and there is a possibility of further decline but gold levels will not go down too much. As gold is currently trading around 48,000, then a low trend will be formed around 47000, 47500. If gold breaks this level and goes down, then only further lower levels can be seen in it.

Dollar recovers from US FED’s bullish tone
It is clear from the recent statements of the US Federal Reserve that going forward, an increase in interest rates can be seen, which is affecting the dollar. Although the rupee is coming down on the strength of the dollar, but considering gold as a safe investment, investors can buy further in it. On the basis of this, gold can also show a rise in the bullion market going forward.

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