Mr. Prithviraj Kothari, MD CEO of RiddiSiddhi Bullions Limited (RSBL)
Gold and Silver prices rocketed 4% and 5% respectively last week and showed a stellar performance as escalating geopolitical tensions improved safe-heaven demand. Because of escalating Israel-Hamas tensions and increased anticipation that the Fed would not raise interest rates further this year, precious metals had their best week in seven months.
The next resistance for Gold is $1965 (Rs 60000), prices need to sustain above this level to continue its bull run. While Silver has formed a bullish reversal pattern on weekly charts. It seems the bottom has been made for the short term and the rally is expected to continue towards $24 (Rs 73500). As the auspicious period of Navratri has started, it is best time to buy precious metals.
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
All right reserved @HeeraZhaveraat.com
Design and developed by 24x7online.in