Updated Mar 17, 2021 | 11:21 IST
Gold, silver price today: In the international market, spot gold was up 0.21% at $1,734 per ounce, having touched a high of $1,740.90 since March 1. Representational image
New Delhi: Gold, silver prices today rose in India following positive global trend as the yellow metal moved to a two-week high in the international market ahead of the US Federal Reserve s two-day policy meet outcome. On MCX, Gold April futures traded 0.38% higher at Rs 44,985 per 10 grams as compared to previous closing price of Rs 44,813. MCX Silver futures for May delivery edged up by 0.03% to Rs 66,936. Silver touched an intraday high of Rs 67,052.
Gold price inched up by Rs 280 to Rs 44,710 per 10 gm on Friday, while
Silver price rose by Rs 400 to trend at Rs 67,400 per kg, according to the Good Returns website.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes. In New Delhi, the price of 22-carat gold increased by Rs 350 to Rs 44,300 per 10 gm, while in Chennai it rose to Rs 42,500. In Mumbai, the rate inched up to Rs 43,710, according to the website. The price of 24-carat gold in Chennai also increase by Rs 360 to retail at Rs 46,340 per 10 gm.
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Gold futures for April delivery fell 0.3 per cent to Rs 44,500 per 10 grams. Silver futures for May delivery were trading at Rs 65,523 per kg, down 0.60 per cent.
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Gold declines Rs 522, silver falls Rs 1,822
Gold prices fell by Rs 522 to Rs 43,887 per 10 grams in the national capital on Friday, due to muted trend in the international markets, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 44,409 per 10 grams. Silver price also declined by Rs 1,822 to Rs 64,805 per kilogram as compared with the close of Rs 66,627 per kg on Thursday.
HDFC Securities Senior Analyst (Commodities) Tapan Patel said, Spot prices for 24 karat gold at Delhi fell by Rs 522 in COMEX (New York-based commodities exchange) gold prices.
In the international market, gold was trading lower at USD 1,696 per ounce and silver was down at USD 25.20 an ounce.Â