Gold vs silver this Dhanteras: How much should you hold in your portfolio?

Gold and silver prices are expected to remain in focus following a period of growth bolstered by a Democratic victory in the US midterm elections and a decline in oil prices. Spot gold rose 0.4% to $4,103.55 per ounce, marking a weekly gain of 5.9%, while spot silver increased 0.5% to $52.01 per ounce. According to Business Standard IN, gold serves as a relatively defensive asset, whereas silver provides greater upside potential alongside higher volatility.

On the MCX, gold rose 0.5% to end at Rs 1.43 lakh per 10 grams, while silver dropped 0.4% to Rs 1.87 lakh per kilogram. Manoj Kumar Jain of Prithvi Finmart identified support levels for gold at $4,064-4,022 per troy ounce and resistance at $4,140-4,174. For silver, Jain noted support at $51.20-50.00 per troy ounce and resistance at $53.50-54.40.

Regarding MCX trading, Jain placed gold support at Rs 1,42,800-1,41,400 and resistance at Rs 1,45,100-1,46,500. Silver support on the MCX is seen at Rs 1,85,000-1,81,800, with resistance at Rs 1,89,100-1,91,400. Jain recommended buying gold in the Rs 1,42,400-1,41,000 range with a stop loss below Rs 1,40,000 and suggested buying silver in the Rs 1,86,000-1,83,000 range.

Brief written by urgent.news from Business Standard IN, The Economic Times - Top News — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.