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Gold Prices Today: Yellow metal to edge higher, experts suggest buy on dips
On January 21, gold prices in international markets fell and were expected to rise for a second week in a row as investors turned to safe-haven assets while awaiting a signal of interest rate hikes at next week’s Federal Reserve meeting.
On the Multi Commodity Exchange (MCX), gold futures edged down 0.05% to 48,484 rupees on 10 grams at 9.21am, while silver futures were down 0.35% at 65,150 rupees a kilo.
Gold and silver showed high volatility on Thursday as the U.S. dollar index fluctuated. The two precious metals had mixed closing prices in international markets. The gold February futures contract closed at $1,842.60 per troy ounce, down 0.03%, and the silver March futures contract closed at $24.72 per troy ounce, or 2.01%. We expect gold and silver prices to remain positive and any corrective declines would be good buying opportunities at lower levels. According to Manoj Kumar Jain of Prithvi Finmart Commodity Research, support for gold is at $1830-1814/troy ounce, resistance at $1855-1870/troy ounce, while support for silver is at $24.40-24.20/troy ounce , resistance at 25.00-25.20 US dollars / troy ounce.
On MCX, gold has support at Rs 48,220-48,055 and resistance at Rs 48,550-48,770, while silver has support at Rs 64,900-64,500 and resistance at Rs 65,800-66,200. He added that we recommend buying gold on dips around Rs 48,250 with a stop loss of Rs 48,055 and a target of Rs 48,700.
Complete News Source : Money Control
Haryana
Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
Check the weather forecast and air quality updates for Delhi on October 22, 2024 here.
The temperature in Delhi today, on October 22, 2024, is 32.93 °C. The day’s forecast indicates a minimum and maximum temperature of 22.05 °C and 35.04 °C, respectively. The relative humidity is 26% and the wind speed is 26 km/h. The sun rose at 06:26 AM and will set at 05:44 PM.
Tomorrow, on Wednesday, October 23, 2024, Delhi is predicted to experience a minimum and maximum temperature of 27.42 °C and 34.91 °C, respectively. Tomorrow humidity levels will be at 20%.
With temperatures ranging between 22.05 °C and 35.04 °C, prepare for a hot day and plan outdoor activities accordingly. If you are sensitive to heat, take note of the weather forecast and consider appropriate attire and activities suitable for the prevailing weather.
The AQI in Delhi today stands at 334.0, falling in the very poor category. Everyone should be cautious. Children and people with respiratory diseases, such as asthma, should stay indoors and others should also limit their outdoor activities. Usage of masks and air purifying devices is advised. Being aware of the AQI helps one make informed decisions regarding one’s overall well-being while planning the day’s activities.
Weather and AQI predictions in Delhi for next 7 days:
Date Temperature Sky October 23, 2024 32.93 °C Sky is clear October 24, 2024 32.69 °C Sky is clear October 25, 2024 32.5 °C Sky is clear October 26, 2024 32.07 °C Sky is clear October 27, 2024 30.69 °C Sky is clear October 28, 2024 31.29 °C Sky is clear October 29, 2024 32.09 °C Sky is clear
Weather in other cities on October 22, 2024
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Delhi Weather and AQI Today: Warm start at 22.05 °C, check weather forecast for October 22, 2024
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