Gold Price In India Today
In India currently, 22 carat gold costs Rs 7,540 per gramme, whereas 24 carat gold costs Rs 8,225 per gramme. In India, the price of 22k of 10 grams of gold dropped by Rs 150 to Rs 75,400 on Monday from Rs 75,550 earlier. Meanwhile, the price of 22k of 100 grams of gold dropped by Rs 1,500 to Rs 7,54,000 today from Rs 7,55,500 yesterday.
While 24k of 100 grammes of gold would cost Rs 8,22,500 today compared to Rs 8,24,200 yesterday, marking a price savings of Rs 1,700, 24k of 10 grammes of gold prices in India hit Rs 82,250 on Monday compared to Rs 82,420 yesterday, showing a price drop of Rs 170.
In India, 18k of 10 grammes of gold will cost Rs 61,690 today, down by Rs 130 from the previous price of Rs 61,820; similarly, 18k of 100 grammes of gold will cost Rs 6,16,900 on Monday, down by Rs 1,300 from the previous price of Rs 6,18,200.
Spot Gold Today
A stronger US dollar put downward pressure on gold prices on Monday, as spot gold fell 0.6% to $2,755.79 an ounce as of 0304 GMT after closing just below all-time highs on Friday. Reuters reports that U.S. gold futures dropped 0.6% to $2,761.20. Among other metals, palladium slipped 2.1% to $967, platinum declined 0.6% to 942.90, while spot silver sank 1.1% to $30.26 an ounce.
Silver Rates In India Today
Today, silver costs Rs 96.50 per gramme and Rs 96,500 per kilogramme in India. While the price of one kilogramme of silver in India dropped by Rs 1,000 from its previous price of Rs 97,500 on Monday, 10 grammes of silver will now cost Rs 965 compared to Rs 975 yesterday, and 100 grammes of silver would cost Rs 9,650 today compared to Rs 9,750 before.
MCX Gold Outlook Today
“From a technical perspective, MCX Gold surpassed the 80000- mark and formed a bullish candle on the daily chart. The commodity broke its all-time highs with active buyer’s participation at every dip, indicating a positive bias. The momentum indicator RSI also registered a positive crossover above the signal line and maintained strength above 60, reinforcing the bullish sentiment. A sustained move above 80350 could push prices towards 80500/80800 levels. On the downside, immediate support is identified at 79750/79280 levels. Traders are advised to maintain tight stop losses, as MCX Gold is trading in a critical zone that could experience heightened volatility,” said the research analysts of Way2Wealth Brokers Pvt. Ltd.
Gold & Silver Price Prediction Today
“Gold and silver prices are trading slightly lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly lower for the day, as gold prices were steady near a record high as President Donald Trump imposed sanctions and tariffs on Colombia, raising nervousness over the US’s readiness to use trade curbs in political disputes,” said the brokerage firm Nirmal Bang Securities Pvt. Ltd.
Disclaimer
The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
fbq('track', 'PageView');
Original news source Credit: www.goodreturns.in
You must be logged in to post a comment Login