Like silver, gold is also seeing a significant surge today. Gold prices had also risen sharply yesterday. On Wednesday, February 4th, gold (Gold Price) reached a record high of ₹1,60,775 per 10 grams by 10:30 AM. Gold has set a new record by crossing the ₹1.60 lakh per 10-gram mark.
Gold Price: What is the price?
Around 11 AM, the price of 10 grams of gold on MCX was trading at ₹1,60,000. This represents a gain of ₹6190 per 10 grams. Gold has so far recorded a low of ₹1,56,533 per 10 grams and a high of ₹1,60,755 per 10 grams.
Gold Price Target 2026: How high will the price of gold go?
According to Kedia, gold is seeing support at ₹1,36,531.7 per 10 grams. This means that the price of gold is unlikely to fall below this level. He has also given a resistance level of ₹1,60,188 per 10 grams for gold. This means that the price of gold is unlikely to go above this level.
However, like shares, the support and resistance levels for commodities like gold and silver keep changing. This depends on the prevailing market conditions.
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