Gold, silver prices set to increase amid global economic pressures: Report

Quick Summary:

On the Comex, gold prices are targeting levels between $2,760 and $3,000 per ounce, supported at $2,650.

Historical data shows that gold has consistently acted as a stabilising force in diversified portfolios, especially during periods of low equity returns.

For gold, the report indicates a potential rise to Rs 79,000-85,700 per 10 gram, with strong support at Rs 77,000.

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Category: BusinessFinance

Markets: IndiaCanadaChinaPolandSingaporeUnited States

Topics: World Gold Council Diwali gold sale Gold Prices Silver Prices Gold dhanteras Gold Investing Gold prices Gold sales diwali Reserve Bank of India India gold demand Gold prices today Safe Haven Assets Gold investment trends Market Outlook Diwali gold buying

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 15:41:05 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 636 words

Reading Time: 4 minutes read

Sentences: 32 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23324928

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