URL copied Image Source : ANI
Gold Rate Today: Gold prices fall to â¹49,122/10 gram; silver slips to â¹66,000/kg
Gold Rate Today: Gold prices fall again; silver slips to â¹66,000/kg, Gold and silver prices slide again for the second day on Friday amid the COVID vaccination drive across the country. Gold futures on the Multi-Commodity Exchange (MCX) contracts were trading lower by 0.24 percent at Rs 49,104 for 10 grams at 09:20 hours. Silver futures fell by 0.75 per cent lower or Rs 503 at Rs 66,145 per kg.
Meanwhile, experts suggest that investors should buy gold on dips towards Rs 49,000 for an initial upside target of Rs 49,500. COMEX gold trades little changed near $1,851/oz after a 0.2 per cent decline yesterday. Gold is choppy as support from rising virus cases, disappointing US economic data and hopes of higher US stimulus is countered by higher US bond yields, vaccine progress and continuing ETF outflows,â said Ravin
Gold Rates Today: Domestic spot gold closed at Rs 49,327per 10 grams
Gold Price in India: Domestic gold futures registered a highly volatile trading session on Friday, January 15, as the prices witnessed a steep decline post-mid-session gains, diving below Rs 49,000 level. Multi Commodity Exchange (MCX) gold futures, due for a February 5 delivery, were last seen trading lower by 1.12 per cent - at Rs 48,668, having swung between Rs 48,544 and Rs 49,327 during the session compared to their previous close of Rs 49,221. Silver futures for a March 5 delivery were trading lower by 3.42 per cent at Rs 64,400. (Also Read: Is Silver The New Gold?)
Domestic spot gold closed at Rs 49,327 per 10 grams on Friday, and silver at Rs 65,420 per kilogram - both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).
Gold prices rose on Thursday ahead of US President-elect Joe Biden s coronavirus stimulus proposal. Spot gold rose 0.3 per cent to $1,848.07 per ounce by 0054 GMT, while US gold futures eased 0.4 per cent to $1,847.70.
The broader trend on COMEX could be in the range of $1,805- 1,865 and on domestic front prices could hover in the range of Rs 48,400- 49,250, said Damani.
Gold Rates Today: Domestic spot gold closed at Rs 49,479 per 10 grams
Gold Price in India: Domestic gold futures witnessed a volatile trading session on Wednesday, as the prices declined amid rupee appreciation capped upside in the price of the precious metal. Multi Commodity Exchange (MCX) gold futures, due for a February 5 delivery, were last seen trading higher by 0.62 per cent - at Rs 49,350, having swung between Rs 49,130 and Rs 49,447 during the session compared to their previous close of Rs 49,045. Silver futures for a March 5 delivery were lower by 0.17 per cent at Rs 65,792. (Also Read: Is Silver The New Gold?)
In the national capital, gold prices fell Rs 108 to Rs 48,877 per 10 gram, according to HDFC Securities. Silver prices rose Rs 144 to Rs 65,351 per kilogram from Rs 65,207 per kilogram in the previous trade.