Mr. Prithviraj Kothari, MD CEO of RiddiSiddhi Bullions Limited (RSBL)
Gold prices touched $2145/oz in international markets and Rs 64000/10 gm in domestic markets on the reemergence of Geopolitical Tensions in the Middle East and on rising speculation that FED will start cutting interest rates from March 2024 after a series of rate hikes in last 20 months.
Gold prices have risen 15% in the last two months on this news and are in the overbought zone. Traders should be cautious and book long positions and we are likely to see a correction in prices now. $2000 (~ Rs 61000) is the strong support, where prices can consolidate again.
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From the prosperity of Dhanteras to the radiance of Sharad Purnima and the victory of Vijayadashami, let every festive moment shine with timeless elegance. 💎
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From the prosperity of Dhanteras to the radiance of Sharad Purnima and the victory of Vijayadashami, let every festive moment shine with timeless elegance.
#hzinternational #festivebrilliance #luxuryjewellery #heerazhaverat
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.
