New Delhi. A decline in gold and silver prices was seen for many days. There was such a decline in silver price today that on January 30 its price fell from Rs 4 lakh to Rs 2.90 lakh. The price of gold (Gold Price Today) also fell from the sky to the ground.
Trump tariff tension also eased a bit late last night. In fact, on Monday, February 2, a historic decision was taken between India and America. India decided to stop purchasing Russian crude oil, after which US President Donald Trump decided to reduce the tariff from 50 percent to 25 percent.
After this decision, it was expected that the prices of gold and silver may fall further. However, this does not seem to be happening. As of 12.38 pm, the price of 10 grams of gold is Rs 1,51,754. There is an increase of Rs 7763 per 10 grams. So far, gold has made a low record of Rs 1,47,215 per kg and a high record of Rs 1,52,000 per kg.
Seeing such a sudden rise in the price of gold after its sharp fall, the question in everyone's mind is how much can the price of gold go further. Commodity expert Ajay Kedia has shared with us the latest target price for gold and silver.
Gold Price Target 2026: How much will the price of gold go?
According to Kedia, gold seems to be getting support of Rs 1,36,531.7 per 10 grams. This means that the price of gold cannot go below this. Along with this, he has given resistance for gold at Rs 1,60,188 per 10 grams. This means that the price of gold cannot go higher than this.
However, like stocks, the support and resistance of commodities like gold and silver keeps changing. It depends on the current situation going on.
What is the price in your city?
According to the table, gold is available cheapest in Patna. Here the price of 10 grams of gold is Rs 148,850. The price of gold is highest in Bhopal and Indore. Here the price of 10 grams of gold is Rs 149,320.
Buy now or not?
If you want to buy physical gold for tradition then buy it now because gold and silver have seen a rise year after year. However, if you want to buy gold for investment purposes, then you should invest money in ETF or mutual fund only through SIP.
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