Gold once again becomes 80 thousand, silver becomes stronger for the third consecutive day

Silver rose by Rs 1,450

Continuing its rise for the third consecutive day, silver rose by Rs 1,450 to reach a one-month high of Rs 96,300 per kg. On Tuesday, silver closed at Rs 94,850 per kg. The price of gold of 99.5% purity rose by Rs 620 on Wednesday to Rs 80,000 per 10 grams. In the last trading session it had closed at Rs 79,380 per 10 grams.

Gold in Comex at $2700

Jatin Trivedi, Vice President of Commodity and Commodity Research at LKP Securities, said that Comex prices once again reached the level of $ 2,700, due to which gold registered a slight gain. There was a strong improvement from the support level of $2,600 a week ago. He said that gold is expected to trade in the range of Rs 77,400-79,250 in MCX. There may be fluctuations before the data is released. In international markets, Comex gold futures rose by $ 10.20 an ounce to $ 2,728.60 an ounce.

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Investment in gold increased due to increasing tension in Syria

Commodity analyst Manav Modi of Motilal Oswal Financial Services Limited also said that at the international level, gold prices in Comex once again crossed $ 2,700, due to which the rise in gold prices continued in recent days. Geopolitical tensions have increased in Syria, due to which the dollar index has strengthened and expectations of interest rate cuts have increased. Due to these reasons, investment in gold increased, the effect of which was seen on its prices. However, the price of silver in Asian markets was 0.33% lower.

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