Below is Quote on Commodity By Mr. Anuj Gupta, Vice President, IIFL Securities
Gold and silver are trading higher. Gold is trading at 52261 levels on mcx and in international market it is trading at $1790 levels. Silver is trading at 59050 levels on mcx and in international level it is trading at $20.62 levels.
Weakness in dollar and investment demand supports the gold and silver prices.
Safe haven demand due to geopolitical tension is seen in bullions. Physical demand of bullions are increasing in india on upcoming festivel season.
We are expecting that gold and silver may trade higher further.
Gold may test 53000 to 54000 on mcx and $1820 to $1840 very soon. Silver may test 63000 on mcx and $22 in international market.
Investors can add gold and silver in their portfolio.
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