New Delhi, Sep 3
Gold and silver prices surged to new all-time highs on Wednesday, continuing their upward momentum in both domestic and international markets.
According to the India Bullion and Jewellers Association (IBJA), the evening rates showed that the price of 24-carat gold climbed to Rs 1,06,021 per 10 grams, up from Rs 1,04,424 on Tuesday. This marks a rise of Rs 1,597 in just 24 hours.
"In this hot gold rally, profit booking wouldn’t come up soon. We expect gold futures to rally further in the range of $3600 - $3680. In order to find opportunities to buy gold in dips, the upside range is expected to move beyond $3600; thus, the dips also remain at elevated levels of $3450 - $3500," Ramaswamy said.