Akshaya Tritriya 2021: Gold, Silver prices decline marginally today
Akshaya Tritriya 2021: Gold, Silver prices decline marginally today
Akshaya Tritiya 2021: Gold and silver declined marginally on MCX on Akshaya Tritiya day, the day considered by many as an auspicious to make purchases of precious metals.
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(Photo- PTI)
On the occasion of Akshaya Tritiya day, the prices of gold and silver declined marginally on the Multi Commodity Exchange (MCX). The auspicious day of Akshaya Tritiya is a day when people buy gold and silver as it is believed that buying precious metals will bring good luck to you. On MCX, the gold prices fell Rs 70 to Rs 47, 337 per 10 grams, as against the previous close of Rs 47,438.
Gold Price today, May 4: June gold opened in red on Multi Commodity Exchange (MCX) on Tuesday, while the prices of precious yellow metal in the international market edged lower on Tuesday after hitting a more than two-month high in the previous session. Get more Personal Finance News and Business News on Zee Business.
Gold falls ₹81; silver tumbles ₹984
Updated:
Updated:
April 26, 2021 17:32 IST
Gold prices fell ₹81 to ₹46,976 per 10 gram; Silver dipped ₹984 to ₹67,987 per kg
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| Photo Credit: Reuters
Gold prices fell ₹81 to ₹46,976 per 10 gram; Silver dipped ₹984 to ₹67,987 per kg Gold prices in the national capital on April 26 fell ₹81 to ₹46,976 per 10 gram due to rupee appreciation, according to HDFC Securities.
In the previous trade, the precious metal had closed at ₹47,057 per 10 gram.
Silver also dipped ₹984 to ₹67,987 per kg, from ₹68,971 per kg in the previous trade.
The rupee advanced by 24 paise to 74.77 against the U.S. dollar in opening trade on April 26.
In the international market, gold was quoting marginally higher at $1,779 per ounce and silver was flat at $26.02 per ounce.
MCX Gold June Future gained Rs 562 and was trading on 47170.00 per 10 gram before closing on April 15. MCX Gold June Future was up 1.21 per cent from its previous closing on Wednesday (April 15). Earlier, the yellow metal opened on Rs 46,680.00 and went on hit Rs 47, 279 per 10 gram on the Multi Commodity Exchange (MCX) on Thursday. Meanwhile, gold scaled $1766.05 per ounce after opening for $1763.31 per ounce.Â
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Gold and commodity expert has suggested buy on dips strategy, saying this could be beginning of another round of upside. Â
Domestic gold can touch a level of Rs 48,500 per 10 gm in the short term, while international gold could also be seen reaching $1810 per once in couple of weeks, said Amit Sajeja, Motilal Oswal Vice President, Research, Commodity and Currency.Â
Gold Price Today 16-03-2021: The precious yellow metal rate rose Rs 160 per 10 gm at MCX (Multi Commodity Exchange) today morning and hit Rs 44,910. The bullions experts are of the opinion that gold has strong support at $1650 per ounce in the international market and at the same time it is facing stiff resistance at $1720 to $1730 per ounce levels. At MCX they advised that gold price is facing resistance at Rs 45,600 per 10 gm levels. Once, the yellow metal manages to break this level, there can be fresh momentum we can witness in the yellow metal rates.
Speaking on the gold price outlook in the long-term Amit Sajeja, Vice President Research at Motilal Oswal said, In the international market, gold price has strong support at $1,650 per ounce levels. I would advise gold investors to take positional calls when the gold price breaks $1,750 per ounce resistance and sustains above $1,760 per ounce levels. Till then buy on dips is the strategy when gold price falls around $1,660-7