Rupee effect .. Root changed gold prices .. Bad news for buyers

Gold prices have changed root. Have taken the uterus. The PSD rates, which have remained stable for the last two days, have moved upwards today. This is bad news for those who want to buy gold. Gold price per 10 grams on May 18 in Telangana Hyderabad Rs. 330 reached the top. Rs. Rose to 50,780. This applies to 24 carat gold. At the same time the rate of 22 carat ornamental gold per 10 grams is Rs. 300 with an increase of Rs. Rose to 46,550.

Despite the decline in the global market ..
Gold prices have moved up in the domestic market despite falling in the international market. This is due to the depreciation of the Indian rupee. Gold prices fell 0.2 percent per ounce in global trade. Declined to $ 1815. Silver also declined by 0.36 per cent. It is trading at $ 21.67 an ounce.

Silver rates are as follows ..
When it comes to silver .. Silver rate in the domestic market is Rs. 1100 runs scored. With this, the price of silver rose to Rs. 65,600. This is the second consecutive rise in the price of silver. In just two days, the price of silver rose to Rs. Rallied around 1900.

Experts say that if the price of gold closes above 1820 – 25 dollars, it will be considered positive. Gold is said to have a strong resistance at the 200-day moving average of $ 1837.57. If this is overcome .. the Pasidi rally may continue. He said initial support would be available at $ 1800 if the PSD loses the $ 1820-25 support level. If this is not maintained then the price of gold may fall to $ 1786. If it falls below this level it will drop to $ 1780 and then to $ 1752. Therefore, it can be said that gold prices are currently on a downward trend.

Also Read: Good news for customers of this bank .. If you deposit money anymore ..

Also Read: ఇలాగైతే బతికేదెలా? Price increase to 30-year high!

To find comprehensive information on more than 20 areas, you can subscribe to Economic Times Prime for exclusive Economic Times articles.