95 to 1, which means the amount of silver required to

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The Broader trend on COMEX could be in the range of $2025 2075 and on domestic front prices could hover in the range of Rs 55,100 55,850,” said Damani.”Spot gold hit a fresh record high level of near $2055/oz yesterday and is trading moderately higher near $2050/oz. Weakness in US dollar, lower bond yields, strong investor inflows and safe haven buying amid rising virus cases and US China tensions have continued to support gold prices. However, one needs to be watchful as any rebound in US dollar index might trigger some profit booking in gold,” said Ravindra Rao, VP Head Commodity Research at Kotak Securities.The gold/silver ratio currently stands at 75.95 to 1, which means the amount of silver required to buy one ounce of gold.Silver prices climbed Rs 2,417 to Rs 73,617 per kg from its closing on August 5.In the futures market, gold rate touched an intraday high of Rs 55,870 and an intraday low of Rs 55,241 on the Multi Commodity Exchange (MCX).

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