Gold Market: Today 08 July 2023 Gold And Silver Market Rates

Gold Rate Today: Strong action is being seen in the prices of gold and silver today. The gold rate on MCX has fallen by about Rs 70 and slipped to Rs 58620 per 10 grams. However, the price of silver is flat. The silver rate on MCX has strengthened by Rs 10 to reach Rs 71375 per kg.

Gold Rate in International Market

There is a slight strength in the prices of gold and silver in the international market as well. Gold is trading at $1931 per ounce on Comax. Similarly, silver has also reached $ 23.39 per ounce on Comax with a slight rise. The reason for the rise in gold and silver is the softening of the dollar index and US inflation figures. Investors are waiting for the inflation data.

Also ReadGold Price Today: Gold prices fall sharply, Silver also Down

Expert opinion on Gold and Silver

Ajay Kedia of Kedia Commodities said that silver prices may see further rise. Buy for this with a stoploss of Rs 70600. For this, an upside target of Rs 71900 per kg has been given.

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