Silver prices fall by Rs 500 per kg, trading at Rs 66,000 today
Bias for Silver futures likely to remain bullish, with near support seen at Rs 63,600 followed by Rs 62,500 level.
22-carat gold was trading at Rs 49,250
In Delhi, 24-carat and 22-carat gold is trading at Rs 53,330, and Rs 48,800
Ten grams of 24-carat gold is selling at Rs 52,880 today
Ten grams of 24-carat gold is selling at Rs 52,980 today
The Rs 51,865-level is the 20-DMA for MCX Gold, below which the next major support is seen at Rs 51,050.
Silver prices remained unchanged today, trading at Rs 61,800 per kg
The price of ten grams of 22 carat gold in Delhi, Bengaluru, and Chennai is Rs 48,700, Rs 48,600, and Rs 49,250, respectively
On the upside, the MCX Gold December futures can retest it's last week high of Rs 53,200.
The near-term support for MCX Gold futures now shifted higher to Rs 52,000-level, whereas Silver futures likely to seek support near 200-DMA at Rs 60,800.
The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai was Rs 48,350, Rs 48,250, and Rs 48,920, respectively
Silver prices fell by Rs 300 in Thursday's early trade, with 1 kg of silver trading at Rs 61,400
The price of 10 grams of 22-carat gold in Delhi, Bengaluru, and Chennai was Rs 47,460, Rs 47,410, and Rs 48,150, respectively.
The MCX Gold futures are likely to face resistance around Rs 51,135, above which the up move may still be capped at Rs 52,570. Silver futures have failed to sustain above the 200-DMA since late April.
The price of ten grams of 22 carat gold in Delhi, Bengaluru, and Chennai is Rs 47,160, Rs 47,060, and Rs 47,710, respectively.
Gold price in the national capital gained Rs 51 to Rs 50,964 per 10 grams on Wednesday amid weak rupee, according to HDFC Securities. In the previous trade, the gold had touched Rs 50,913 per 10 grams. Silver, however, dropped Rs 502 to Rs 59,265 per kilogram. The rupee depreciated 12 paise to 82.71 against the US dollar in morning trade on Wednesday amid a muted trend in domestic equities. In the international market, gold was quoting lower at Rs 1,653 per ounce while silver was down at USD 19.70 per ounce. "COMEX gold has been steady around USD 1,650 an ounce as traders focused on the US Federal Reserve meeting later tonight for clues on when the bank will start scaling back interest rate hikes," said Dilip Parmar, Research Analyst at HDFC Securities.
In Delhi, 10 gram of 24 carat gold is currently trading at Rs 50,990, whereas, 10 gram of 22 carat gold is selling at Rs 46,750
The price of 10 grams of 22 carat gold in Delhi and Mumbai is Rs 46,900 and Rs 46,750, respectively.
In Mumbai and Kolkata, 24-carat gold is selling at Rs 51,380 per 10 gram