Stable global markets to retain pressure on yellow metals

Apr 21, 2022 1 min read

Strong US dollar

Mr.Nirpendra Yadav, Senior Research Analyst, Swastika Investmart, shares his opinion on the commodity markets, commodities stocks, and prices of Gold and Silver in Moneycontrol publications. He shared that, Brent crude oil prices tumbled more than 5 percent yesterday as the IMF lowered its global growth prediction from 3.8 percent to 3.6 percent, putting pressure on precious metals prices along with crude oil. The IMF's greater inflation prediction, on the other hand, would keep gold and silver prices low. Gold has a support level at Rs 52,400 and a resistance level of Rs 53,400. Read here to know more: