Some of the factors that influence the price of silver in Bikaner are: The price of silver has been consistent for a prolonged period. The cost of silver in Bikaner is determined by the interplay of supply and demand, as well as global economic factors, similar to gold. Elements Influencing the Price of Silver in Bikaner However, it's essential to keep in mind that intricately designed silver jewellery may fetch lower prices than expected as jewellers only pay for the weight of the metal. Selling silver in Bikaner can be done easily as most jewellers are willing to purchase it at current market prices. The value of silver can fluctuate, and it's important to keep an eye on market trends before making any investment decisions. Selling silver coins or bars may fetch better rates than silver jewellery. Moneycontrol advises users to check with certified experts before taking any investment decisions.To get the best possible price, consider obtaining quotes from multiple jewellers and ensure you are aware of current market trends and prices. COMEX gold has support near $1,834 while resistance is at $1,860.ĭisclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. A rise in US Treasury yields and the dollar weighed heavily on gold. NS Ramaswamy, Head of Commodities, Ventura SecuritiesĬOMEX Gold is trading in a narrow range in anticipation of more cues on monetary policy from the minutes of the Federal Reserve’s February meeting. In rupee terms, gold has support at Rs 55,980-55,810, while resistance is at Rs 56,520, 56,700. We expect gold and silver to remain volatile in today’s session. Rising geopolitical tensions could provide critical support for gold and push bullion prices higher. This week’s speech by the US Fed officials could give more clarity on the US Fed rate hikes in its next month's policy meetings. The market is waiting for more clues from the US Fed. US markets were closed on Monday and the dollar index also traded in a range. Gold and silver traded in a tight range on February 20 after last week’s fall. Rahul Kalantri, VP Commodities, Mehta Equities We suggest buying silver on dips around Rs 65,220 with a stop loss of Rs 64,700 for a target of Rs 66,100. Gold has support at $1838-1822, while resistance is at $1866-1878 per troy ounce. Gold could hold its support level of $1822 per troy ounce and silver could hold the $21.20 per troy ounce level. We expect gold and silver prices to remain volatile in today’s session and could show some short coverings and bargain buying at lower levels. The surprise visit of the US President to Ukraine also gives a signal of further escalation of tensions between Russia-Ukraine. This week’s speech of the US Fed officials could give more clarity on the US Fed rate hikes in its March month policy meetings. Market is waiting for more clues from the US Fed. Domestic markets also settled on a mixed note. Gold April futures contract settled at $1,850.30 per troy ounce, down by 0.06 percent while silver March futures contract settled at $21.82 per troy ounce, up by 0.46 percent. Gold and silver settled on a mixed note in the international markets. Oil gains on Russian supply cut worries, but higher US inventories weigh
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