Gold price today: Yellow metal back above 38,000; buy on dips for a target of 38,200

Experts are of the view that Indian Gold is likely to head higher and investors should use any dips to buy for a target of Rs 38,200-38,300 levels in the short term.

Gold futures rose in early trade on November 14 amid uncertainty on the much-awaited deal between the US and China, as well as, weak rupee which hit a 2-month low in the previous trading session.

However, the gains for the yellow metal were capped as rupee rebounded and equities rose with healthy gains, denting the appeal of safe-haven assets.


Sensex closed with a gain of 170 points, while the Indian rupee closed 12 paise higher at 71.97 per dollar on November 14.

Gold December futures were trading with a gain of Rs 32 or 0.08 percent at Rs 38,129 per 10 gram at 17:15 hours IST.


International Gold prices took support at $1,450 and tested its resistance level of $1,466, while Silver also took the support of $16.60 and tested $17 levels.

GOLD LIVE PRICE TODAY BOMBAY 15 NOV.

OPEN              HIGH               LOW          CURRENT PRICE
38236                38236               38018            38071

TODAY CURRENT SILVER PRICE 15 NOV.

OPEN PRICE            HIGH PRICE            LOW PRICE          CURRENT PRICE
44550                              44550                        44401                        44450