Stock Market Today Live: Nifty near 17,650, Sensex up around 400 points; Ambuja Cements share price hits 52-week high

Gold Price Today 19 Sept: Buy zone, sell zone, support for yellow metal today

The US Fed is likely to raise the interest rate by 0.75 per cent at the upcoming meeting this week and this seems to be factored in the market sentiments. However, any move apart from the expectation may trigger volatility in the gold prices. The US Fed’s rate hike is supporting the dollar to recover but it is facing some challenges from the monetary tightening stance of other central banks like ECB, Bank of Japan. The sluggish demand in China has also increased the selling pressure in gold.

Buy Zone Above – 49500 for the target of 49700
Sell Zone Below – 49200 for the target of 49000

Dr. Ravi Singh-Vice President and Head of Research-ShareIndia

MCX October Gold and Silver yesterday closed positive at 49380(+0.14%)and December Silver closed at 56720(+0.54%), Bullions chars are looking positive and making bottom at lower levels, Momentum Indicator RSI also indicating the same, So traders are advised to make fresh buy potions in Gold and Silver near given support below:

Gold October Support 49200/49000 and Resistance 49550/49700.

Silver December Support 56200/55700 and Resistance 57200/57700.

Amit khare, AVP- Research Commodities, Ganganagar Commodity Limited