Gold and Silver – Kya Lagta Hai
Short-term View (up to 1 week) –Sideways to Positive-Gold is expected to trade in range of 50300 to 51800 while Silver is expected to trade in a range in the range of 65000 to 68000
Long-term View (3-4months) -Positive – Any dips towards 50000 and 65000 should be used as buying opportunity for the target of 55000 and 75000 for Gold and Silver respectively
SPOT Prices
| Unit | Sell | High | Buy | Low | |
| Gold 999 (Mum)w/o GST | Rs/10gm | 51289 | 51510 | 51389 | 51164 |
| Silver 999 (Mum)w/o GST | Rs/ Kg | 65882 | 66343 | 66682 | 65424 |
| Gold AM Fix (London) | $/Oz | 1933.35 | 1933.35 | 1933.35 | 1256.8 |
| Gold PM Fix (London) | $/Oz | 1929.4 | 1942.15 | 1929.4 | 1255 |
| Silver Fix (London) | $/Oz | 24.69 | 24.815 | 24.69 | 15.91 |
SPOT Gold Daily Price Chart
SPOT Silver Daily Price Chart
Important News and Triggers
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- International News–US Treasury yields surged in response and the US dollar gained ground, dampening bullion’s appeal, as it generates no interest and is priced in the greenback
- Demand & Supply–Gold remains supported by continued buying in Global ETF with daily accumulation seen an acceleration. World total ETF Holding are at 13-month high at 3286 tonnes, up 80 tonnes during the March month
- Economic Data –US added close to half a million jobs last month and the unemployment rate fell by more than expected.
- Domestic News– Around40 lakh weddings are expected to happen in India in April and May, which is likely to boast Gold demand.
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