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Published on 9/09/2020 11:14:56 AM | Source: Angel Broking Ltd

Silver prices also increased by 0.33% and closed at 68,494 levels - Mr. Anuj Gupta ,Angel Broking

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Below is the Quote on Silver prices also increased by 0.33% and closed at 68,494 levels By Mr. Anuj Gupta , DVP- Commodities and Currencies Research, Angel Broking Ltd

“Yesterday Gold prices increased by 0.56% and closed at Rs 51,353 levels. Silver prices also increased by 0.33% and closed at 68,494 levels.  In international market Spot gold is trading at  $1928 per ounce and silver is trading at $26.60 per ounce levels. Spot Gold prices ended higher by 0.11 percent to close at $1930.9 per tonne and Spot silver prices dipped over 1 percent to close at $26.7 per ounce as escalating tension between U.S. & China amid rising number of infections around the globe dented the hopes of a paced economic recovery . Gold and silver is trading lower today on the back of  sharp recovery in US Dollar as investors weighed whether an accommodative turn from the European Central Bank later this week could hit the euro, while the pound nursed losses due to Brexit uncertainty. Although, recovery in the U.S. Dollar over rising demand from banks and encouraging U.S. employment data made Gold expensive for other currency holders. As of today, traders can go for sell in gold at Rs 51,300 levels with the stop loss of Rs 51,850 levels for the target of 50,500 levels. They can also go for sell in Silver  at Rs 68,500 levels, with the stop loss of 69,900 levels and for the target of 65,000 levels. In the Bullion index “Bulldex” traders can also go for sell at 16100 with the stop loss of 16250 and for the target of 15800.”

 

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