Gold Price Today 24 February: Stability is being observed in the bullion market during the wedding season. On the first day of the trading week, there is a stagnation in prices. Today, February 24, gold is trading flat in the futures market. In the global market, profit booking is being recorded from higher levels. However, prices have seen a rise for the 8th consecutive week on Comex.
Today’s Gold Price (Aaj Sone ka Bhav)
Stability is being observed in the prices of gold and silver on the Multi Commodity Exchange (MCX). The April futures price of gold (Gold Price) is trading flat at the level of 86000 rupees, which made an all-time high of 86592 rupees last week. Meanwhile, silver prices are witnessing a rise on Monday morning, with March futures reaching a price of 96300 rupees, gaining nearly 100 rupees (Silver Price Today). Its all-time high level is 102495 rupees per kilogram.
Experts on Gold and Silver
Ajay Kedia of Kedia Advisory stated that there is pressure on gold prices due to profit booking. Previously, there was a strong rally in prices due to tariff tensions. The same is true for silver, which has slipped from higher levels due to profit booking.
The resistance level for MCX gold is 86220-86430-86805 rupees per 10 grams, while the support level is 85635-85260-85050 rupees per 10 grams. For silver, the resistance level is 96885-97570-98060 rupees per kilogram, while the support levels are 95710-95220-94535 rupees per kilogram.
Gold and Silver in the Global Market
Stability is also being recorded in the prices of gold and silver on Comex. The price of gold is flat at 2955 dollars per ounce. Silver has touched a level of 33 dollars per ounce with a slight increase. Investors are focused on U.S. data. Profit booking is being observed from the recent record highs in prices. The focus will remain on the inflation data coming this week.
