Gold prices are approaching the record at RS 1.10 177/10 GMS. Will Fed Meet push even higher this week?

The Golden Prince (October Futures contracts in MCX) organized a company at 1.10 177 RS per 10 grams for the future MCX contract in October and remained in the previous business session near their lifelong maximum RS 1.10 330. Rare metal US federal reserve rates this week.

Monday’s meeting also affected a similar feeling, the silver December future MCX contracts per MCX for 1.29 338/kg, which maintained near the peak 1 29 622 RS 1 29 622.

On Tuesday, record princes have received a high, supported by a weaker dollar before the political meeting of the Federal Reserve this week, where the central bank is expected to be very reduced by interest.

Spot Gold increased by 0.1% to $ 3.680.17 per ounce from 0109 GMT after hit the record maximum of $ 3.689.27.

We have Tuesday, gold and silver that settled on positive remarks on the domestic and international market. The Gold October Futures Treaty settled on 1.10 179 Rs per 10 grams with a profit of 0.74% and the silver December future contract settled at 1.29.429 RS per kilogram with a profit of 0.46%.

Gold and silver have expanded their profits in the middle of the weakness in the dollar index and an aggressive reduction in the hope of American hopes for the disappointment of US economic data. Gold prices exceeded $ 3.700 for the Trojan ounce and re -hit a record maximum and the prices of silver also reached a fresh 14 -year -old high in international markets. “Both rare metals are traded at the historically highest level in the home market. Purchase safe, geopolitical tensions and positive investment prices of gold and silver,” said Kumar Jain of Prithvifinmart of the commodity. “He added.

The recent tensions in the Middle East and escalation in the Russian-Ukrainian War also support precious metal prices.

Today, the US dollar index, DXy, moved near 97.24, dropped 0.06 or 0.06%.

“We expect gold and silver princes to remain volatile this week in the dollar index, geopolitical tensions and FOMC meetings. Gold is expected to trade in the range of 3.534-3.800 per trio, and silver is expected to be trading in the range of 41,40-40-44,50.

How to replace gold?

Manoj Kumar Jain proposed the following ranges for gold and silver on MCX:

• Gold Has support on Rs 1.09,850-1,09 500 and resistance to Rs 1.10.580-1,11 000
• Silver Has support for Rs 1.28 500-1.27 700 and resistance at Rs 1.30 300-1,31,500

JAIN proposes to buy gold around Rs 1.09 800 with a shank of Rs Rs 1,09,380 aim to RS 1,10,650 and also suggests a silver purchase around Rs 1 28,800 with a stopping stop R 1,2700 aim to 1,30,300-1,500

The degree of gold on the physical markets

The price of gold today in Delhi

Standard gold (22 carats) Princes in Delhi stand on RS 57,208/8 grams, while pure gold (24 carats) princes standing on R 61.032/8 grams.

The price of gold today in Mumbai

Standard gold (22 carats) prices in bombai standard for 57.376/8 grams of RS, while pure gold (24 carats) prices behind R 61,136/8 grams.

The price of gold today in Chennai

Standard gold (22 carat) prices in Chennai are worth 57.064/8 grams of RS, while pure gold (24 carats) is worth 60.792/8 grams of RS.

The price of gold today in Hyderabad

Standard gold (22 carats) prices in Hyderabad standing for 57.240/8 grams of RS, while pure gold (24 carats) is 60.992/8 grams of Rs.

(Renunciation: Recommendations, proposals, opinions and opinions provided by experts are their own. Those do not sell opinions on economic times)