Markets News

Gold and Silver Rate in India – Both are Opening at Positive Note

On Monday, the Indian Gold Rate was very much positive as it was over Rs 52,000 per 10 gm.

There was a positive streak in the international markets because there was a weak dollar.

The experts says that any lowering prices will be an opportunity to buy again.

Gold and silver showed solid strength last week and settled on a positive note in the international markets.

Gold December settled with a weekly gain of nearly 4 per cent and silver settled with a weekly gain of over 8 per cent.

Despite strength in the rupee, both the precious metals were also settled on a positive note in the domestic market.

The one reason why these precious metals are on a positive strength because Joe Biden has won the US presidential elections.

Let’s see some trading strategies:

1. Sriram Iyer: on Friday the gold and silver were higher and the dollar was weakened.

And increasing chances of a Joe Biden victory in the U.S. presidential election boosted hopes for a larger coronavirus relief bill.

2. Ravindra Rao: central bank measures to boost economic recovery and central bank measures to boost economic recovery.


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