Gold MCX Yesterday Hit 1st Target 55400, Above 54900 Target 2nd 56500
Gold and silver prices moved higher today in Indian markets amid a global rally. On MCX, gold futures hit a new high of ₹55,390 per 10 gram after it rose 1.35%. Silver futures surged 4% to ₹72,654 per kg. In the previous session, gold futures on MCX had rallied about ₹900 or 1.7%, hitting ₹54,612 at intra-day high. Silver had surged ₹4200 or 6.4% in the previous session.
Gold Spot Target Was $2050 Yesterday Hit Full Target $2055 – Neal Bhai(Opens in a new browser tab)
In global markets, gold prices hit a new high by rising above the important $2,000 mark. A weaker dollar, expectations of more stimulus and rising coronavirus cases boosted the safe-haven demand of gold.
Spot gold was up 0.2% at $2,022.42 per ounce after rising above $2,030 in early session. US gold futures rose 0.9% to $2,039.
