Gold Silver Rate Today: On Wednesday, January 28, gold prices on MCX rose by almost 2% in intraday trading, and crossed the ₹1.6 lakh per 10 gram mark for the first time. Gold is getting support from the ongoing geopolitical tension, weak dollar and strong demand in the spot market.

Right now, around 9:50 am, MCX Gold February futures were trading at ₹160,756 per 10 grams, up ₹3,052 or 1.94%. Meanwhile, MCX Silver March futures were trading as high as ₹372,802 per kg, up by about ₹16,522 or 4.64%.

A look at other commodities

Looking at the movement of other commodities, MCX Copper January futures were trading at ₹1,243.80, down by ₹17 or 1.35%. February crude oil futures were trading at ₹5,766.00, up ₹65 or 1.07%. February futures for natural gas were trading at ₹345.40, down ₹7.40 or 2.10%.

Where to make money in the commodity market today

Today for Profitable Calls in Commodities, we have with us Ajay Kedia of Kedia Commodities. They are seeing earning opportunities in gold, silver and crude oil. His advice is to buy MCX GOLD (FEB) around ₹157,000, keep stop-loss at ₹155,500 and target at ₹160,000.

He also recommends buying MCX SILVER around ₹355,000, stop-loss at ₹353,000 and target at ₹360,000. Meanwhile, in MCX Crude Oil, buy advice is given around ₹5680, stop-loss at ₹5580 and target at ₹5800.