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Published on 28/07/2020 10:55:13 AM | Source: Angel Broking Ltd

Today again we saw that gold has touched the life time high at Rs 52.435 levels By Anuj Gupta, Angel Broking

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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 52.435 levels and in international market it touched the life time high to $1981.10 per ounce levels. Silver also touched the 8 years high of Rs 67,560 levels. Geopolitical tension between US & China and weakness in dollar supports the bullions. Dollar is weaking against all major currencies at 93.60 levels. US Bonds yields is also low which support the 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 53000 levels and silver  Rs . 70000 levels soon. In international Market Gold may test $2000 and Silver may test $30 soon.”

 

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