Gold price slips below Rs 49,000 per 10 gram on firm dollar
The broader trend on COMEX could be in the range of $1800- 1865 and on domestic front prices could hover in the range of Rs 49,120- 48,300, said Damani.
Mumbai / January 18, 2021 / 06:38 PM IST
Gold prices dropped by Rs 358 to Rs 48,969 per 10 gram in the Mumbai retail market on a firm dollar and sharp sell-off on Friday in the international market. The yellow metal had declined Rs 1,094 or 2.17 percent last week in the domestic market.
The rate of 10 gram 22-carat gold in Mumbai was Rs 44,856 plus 3 percent GST, while 24-carat 10 gram was Rs 48,969 plus GST. The 18-carat gold quoted at Rs 36,727 plus GST in the retail market.