LBMA Gold Spot trading above $ 1730levels, The U.S. Federal Open Market Committee’s two-day meeting ends on Wednesday. The central bank is expected to reiterate its pledge to keep interest rates pinned near zero until the economy reaches full employment. Downside support is $ 1675- $ 1700 levels, Resistance is at $ 1741 - $ 1760 levels.
MCX Gold April trading with sideways momentum in the entire session, Gold could be building a support base despite the possibility of higher Treasury yields, Downside support for the metal is 44600. Resistance for the metal is Rs 45200.
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Silver MCX Silver March has shown a negative movement and trade near 67000 levels, we await the FOMC announcement on Wednesday. Quite frankly, silver is going to move based upon the movement of the US dollar , but if we break above Rs 67800 levels then it is very likely that we will go towards the Rs 69000 level, Downside support is Rs 66500 levels, Resistance is at Rs 682
Gold rate today in India fell by Rs 30 to Rs 44,840 from Rs 44,870 per 10 gm, while silver was trading at Rs 67,400 from Rs 67,000, where it has been hiked Rs 400 per kg. In Delhi, the gold price of 22-carat fell by Rs 10to Rs 44,160 from Rs 44,170, in Chennai, it is hiked by Rs 20 to Rs 42,290 from Rs 42,270.
Silver price trended at Rs 66,500 per kg, according to the Good Returns website. In New Delhi, the price of 22-carat gold dipped Rs 350 to Rs 43,800 per 10 gm, while in Chennai it fell by Rs 170 to Rs 42,040. In Mumbai, the rate fell to Rs 43,430, according to the website. The price of 24-carat gold in Chennai was Rs 45,860 per 10 gm.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes. Gold surged more than 2% on Tuesday on the back of a retreat in U.S. Treasury yields and a weaker dollar, staging a strong recovery from the nine-month low it hit in the previous session.
Silver price trended at Rs 66,500 per kg, according to the
Good Returns website. In New Delhi, the price of 22-carat gold inched up by Rs 290 to Rs 44,150 per 10 gm, while in Chennai it increased by Rs 40 to Rs 42,210. In Mumbai, the rate rose to Rs 43,680, according to the website. The price of 24-carat gold in Chennai was at Rs 46,050 per 10 gm.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes. Gold prices slid more than 1 per cent on Monday to a nine-month low, as the dollar and US Treasury yields kept rising, prompting investors to dump the non-yielding metal.
Silver price trended at Rs 65,700 per kg, according to the
Good Returns website. In New Delhi, the price of 22-carat gold inched up by Rs 10 to Rs 43,860 per 10 gm, while in Chennai it increased by Rs 10 to Rs 42,170. In Mumbai, the rate rose to Rs 43,520, according to the website. The price of 24-carat gold in Chennai was at Rs 46,000 per 10 gm.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes. Gold fell to its lowest in nine months on Friday after better-than-expected US employment data bolstered the dollar and US Treasury yields, putting bullion on course for its third straight weekly decline.