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 said Explosive moves in commodity prices increase the fear of inflation. US senate weighing the cutting import of Russian oil is supportive to crude oil prices that may increase buying momentum in the precious metals. Uncertainty standoff economic activity and appeals to safe-haven demand. Gold is likely to test Rs 53000 levels and above this more upside is expected. It has immediate support at Rs 51800. Silver has resistance at Rs 70000 and support at Rs 67700,Read here to know more:
