Going by the current trends, experts are telling that gold prices may heighten further from the present levels and are likely to exceed Rs 41,000-level by this Diwali. If the present global crises continue, then e it can cross Rs 41,000 per 10 gram by this Diwali, which is not a healthy sign for industry.
If The present trend to continue for the gold and silver. On MCX, gold is likely to move towards Rs 39,900 to Rs 40,000 levels. Rs 38,800 and 39,000 act as strong crucial support levels for yellow metal on downside. Yellow metal prices have risen nearly by 3,900 in the month August 2019 itself. Gold ended at 39,670 per 10 gram, the new all-time high, at Delhi bullion market on 26 August 2019. Yellow metal prices have advanced by as much as Rs 3,875 or 10.83 per cent to 39,670 per 10 grams from a level of 35,795 per 10g as on 01 August 2019.