Gold and silver bullion prices have risen as investors factor in geopolitical tensions and volatility in the US dollar.
“While the broader bullish trend in gold remains intact, short-term uncertainty persists. At Rs 75,900 on MCX, gold is slightly off its peak but significantly above the Rs 67,500 low seen during the Budget week. Investors are advised to adopt a SIP or dip-accumulation strategy for better portfolio management, rather than attempting to time the market at current elevated levels,” said Jateen Trivedi, Vice President and Research Analyst at Commodity and Currency at LKP Securities.
“The price has given a change of structure from a downtrend to an up trend, Technical indicator RSI is also above 50 showing strength in the counter,” said Sriram Iyer, Senior Research Analyst at Reliance Securities.
Gold and silver rates today, November 28
The 24-carat gold rate in India was quoted for a price of Rs 76,000 per 10 grams on November 28. The rate for 24-carat gold per gram is Rs 7,600. While the rate of 22-carat gold was Rs 69,667 per 10 grams.
The price of 24-carat gold has fallen by 1.2% in the last week. However, it has risen by a per cent in the last ten days. The silver is available to Indian customers today at a price of Rs 87,940 per kilogram.
“The price has given a change of structure from a downtrend to an up trend, Technical indicator RSI is also above 50 showing strength in the counter,” said Sriram Iyer, Senior Research Analyst at Reliance Securities.
Gold rate in Mumbai on November 28
Today, the 24-carat Gold is priced at Rs 76,000/10 grams. On November 27, the gold was available for Rs 75,280/10 grams. A week back, on November 21, gold was sold for Rs 76,970/10 grams.
Silver rate in Mumbai on November 28
Silver was sold for a price of Rs 87,940/Kg on November 28 in Mumbai, a fall of Rs 120 from November 27, when it was priced at Rs 88,060/Kg and a week ago the price was Rs 90,190.
Gold rate in Kolkata on November 28
The 24-carat gold was trading for a price of Rs 75,900/10 grams, today, November 28. The glittering metal was selling for Rs 75,180/10 grams yesterday and was quoting for Rs 76,870/10 grams last week.
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