Below is the Quote on Bullions by Mr. Anuj Gupta, DVP- Commodities and Currencies Research, Angel Broking Ltd.
“Today, again we saw that gold has touched the life time high at Rs 51,833 levels and in international market it touched the life time high to $1944.50 per ounce levels. Silver also touched the 8 years high of Rs 64,849 levels. Geopolitical tension between US & China and weakness in dollar supports the bullions. Dollar is weaking against all major currencies at 93.80 levels. US Bonds yields is also low which supports safe heaven demand for bullions. We expect this rally in bullion will continue and gold and silver will move further upside. Gold may test Rs 52500 levels and silver Rs . 66000 levels soon.”
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