Gold Rate Today: Gold, silver gain as demand rises on flare up in Mid-East tensions Read more at: //economictimes.indiatimes.com/articleshow/73079387.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


Dealers flocked into safe-haven counters Friday after US airstrikes in Iraq that killed an undercover commander, flaming fresh tensions in the Middle-East.

Silver stocks grew up 0.83 percent at Rs 47,410 percent while gold stocks additional 1.10 percent to Rs 39,710 each 10 g.
Brokerage SMC Global said silver counters can witness powerful upside momentum on safe-haven requirement amid Middle East worries. Gold can take aid around Rs 39,500 and proceed upside towards Rs 40,000 and silver may take aid around Rs 47,200 and proceed towards Rs 48,000, it included.
From the US market, gold prices rose to some four-month high. Spot gold hit its highest since September 5 1,540.48 and grew up 0.6 percent at $1,538.42 per oz by 0250 GMT. US gold futures gained 0.9 percent to $1,541.20 per oz.
For the week, place gold has gained 1.9 percent, going for a fourth successive weekly increase.

Among other valuable metals, silver climbed 0.5 percent to $18.11 percent, while platinum gained 0.3 percent to $981.43, following a 3 percent leap in intraday trade on Thursday. Palladium climbed 0.3 percent to $1,964.87 per oz.

The immunity is recognized as the 86.4 percent retracement of their downtrend from $1,557 to $1,445.18. It functions as the previous barrier towards $1,557. Strategically, an increase to $1,544 can confirm the separation over $1,542.
A correction in the present level might be limited to $1,531.