gold Silver
This week, the rise in gold and silver prices is expected to be maintained, but the arrival of important global economic indicators can also be seen. Analysts gave this information. Analysts said that business manufacturing and services on the economic front will monitor PMI data, US employment data for the month of September as well as consumer confidence status.
Gold and silver will remain fast
Pranav Mer, vice president of JM Financial Services and Vice President of Mudra Research, said, “We hope that the current positive speed will continue in gold and silver, however, some profit -booking cannot be denied at the end of the week. The positive speed in gold prices continued and the prices continued to rise by more than three percent. This was raised with more than three percent. This was shut down because the expectation in America has reduced the expectation in the US. Is.”
Due to this gold and silver will be expensive
The December delivery futures on the Multi Commodity Exchange (MCX) closed at Rs 1,14,891 per 10 grams on a weekly basis on a weekly basis on a weekly basis. On Tuesday, the price touched an all -time high level of Rs 1,15,139 per 10 grams.
Pankaj Singh, the investment manager of the smallcase, said, “This boom is inspired by American large economic signs, global reserve restructuring and domestic festive demand.” Singh said that US inflationary figures match forecasts, while income and expenditure figures confirm the flexibility of the US economy.
He said, “The market’s stance remains a bit positive. The demand for festivals is increasing before Diwali and no big American data is going to come till Friday’s employment report, so there are all reasons to maintain strength to sleep.” Alpha Money’s management partner Jyoti Prakash said, repeating this feeling, “This property class is fast and gold has reached record height. So there is upwards.
He described the strong investor interest in gold ETF as the reason for this boom. Prakash said, “Weak dollar also remains helpful for sleeping.” On Saturday, the dollar index fell 0.38 percent to close at 98.18.