- On August 21, 2023, futures for gold and silver traded in the green.
- MCX silver futures (Sept. 5) were up Rs 315 or 0.45% at Rs 70,550 per kg.
- Gold futures (Oct. 5) were up Rs 78 or 0.13 percent at Rs 58,453 per 10 grams.
On August 21, 2023, futures for gold and silver traded in the green. MCX silver futures (Sept. 5) were up Rs 315 or 0.45% at Rs 70,550 per kg, while gold futures (Oct. 5) were up Rs 78 or 0.13 percent at Rs 58,453 per 10 grams.
Due to negative pressure, gold may continue to trade in a range in day trade as worries about potential upside are heightened by the Dollar Index’s recent increase to 103.58.
Gold Price Today
US 10Y rates may continue to be of interest ahead of the Jackson Hole symposium on Friday since their persistence above 4.25 percent may increase volatility in gold trading.
Neha Qureshi, Senior Technical & Derivative Research Analyst, Anand Rathi Commodities & Currencies, advises selling Gold August futures on an uptrend at 58,500, maintaining a stop loss at Rs 58,700, and selecting Rs. 58,000 as the goal price.
Amit Khare, Associate Vice President at Ganganagar Commodity Limited (GCL) Broking, recommends investors open new positions in the purchase of gold and silver close to established support levels.
