Gold, silver price today: Key levels investors should track
According to Manoj Kumar Jain, Director at Prithvi Finmart Commodity Research, gold is expected to find support between $4,074 and $4,040 per troy ounce, with resistance in the $4,144-$4,180 range during Monday’s session. Silver is seen finding support at $59.10-$57.70 per troy ounce, while resistance is likely around $61.20-$62.40.Jain told ET that the yellow metal might find support at Rs 1,42,400-1,41,100 per 10 grams and face resistance between Rs 1,44,400 and Rs 1,45,550.
For silver, support is pegged at Rs 2,20,000-2,16,600 per kg, while resistance is seen in the Rs 2,26,000-2,28,800 range.He added that long-term investors may consider accumulating gold and silver gradually during the ongoing correction, while short-term traders should wait for clearer price stability before taking fresh positions.
