00:00So, how much taste will the gold and silver prices give to our buyers in the festive season?
00:08Now, there is Dussehra, Diwali, and then the festive season will start.
00:14So, first of all, at what level are you looking at gold for Dussehra and Diwali?
00:20In my opinion, if we look at some factors around Diwali and Dussehra,
00:27recently the Fed has announced a rate cut of 50 basis points.
00:31So, around November, there are US elections.
00:36So, at the beginning of November, there are both US elections and Fed meetings.
00:39And there, in the elections, we can already see a 25-basis rate cut factor in.
00:46This year, there are a total of two Fed meetings, one in November and one in December.
00:52So, in both, the rate cut is very strong.
00:55Secondly, if we look at geopolitical tensions, they are continuously increasing.
00:59So, there is a support for that as well.
01:00In my opinion, like we talked about returns, if there is a 20-basis trend in the domestic front,
01:05then from that 20%, there can definitely be a little profit booking, a little decline.
01:11If we look at the up side, there can be a very good level of 74-800.
01:2074-500, 74-800 is a very good range to buy on an immediate basis.
01:26And if we look at the up side from here,
01:28for this year, the immediate gains can be a little limited.
01:32Because we have seen good gains.
01:34And if we look at the rally in the next year,
01:36then there is an immediate level of 77-200, which is a very good level up.
01:41As far as gold is concerned, we can see it coming this year.
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