As a result, Comex gold gained 3% in April to close at $1,767.7 an ounce. The rise in Comex silver was much sharper, with the white metal gaining 5.5% to settle at $25.88 an ounce at the end of April. MCX silver futures gained 5.7% to settle at ₹68,366 per kilogram at the end of April. The short-term outlook for Comex silver too is positive and the price could head to the immediate target at $27.7-28.5. The short-term outlook for MCX Gold is positive and the price is likely to move towards the next target zone at ₹48,500-49,500.

Source: The Hindu May 09, 2021 17:30 UTC