Gold, Silver Prices Decline On Weak Global Cues Gold futures for delivery in June declined as much as 0.43 per cent to hit an intraday low of Rs 48,336 per 10 grams on the MCX.
Updated: May 21, 2021 10:44 am IST
Gold fell on Friday as optimism around a rebound in the US economy lifted appeal for riskier assets.
Gold, Silver Price Today: Gold futures for delivery in June declined as much as 0.43 per cent to hit an intraday low of Rs 48,336 per 10 grams on the Multi Commodity Exchange (MCX) as prices of yellow metal slipped in international markets. In spot market, fine gold or 24 carat gold was priced at Rs 48,530 per 10 grams, according to India Bullion and Jewellers Association (IBJA). Gold with purity of 22 carat was sold at Rs 46,880, 18 carat gold was retailed at Rs 38,830 and 14 carat gold was priced at Rs 32,280 per 10 grams, IBJA data showed.
Gold prices witnessed a marginal rise on Tuesday
Gold prices witnessed a marginal rise on Tuesday as the price of 10 grams of 22-carat-gold gained Rs 10 to go up to Rs 45,080 from the previous rate of Rs 45,070.
Also the price of 24-carat yellow metal surged by Rs 10 and went up to Rs 46,080 per 10 grams compared to Rs 46,070 of the previous day.
However silver prices witnessed a slump in its rates. On Tuesday, silver rates traded at Rs 684 for 10 grams from Rs 692 of the previous day, a dip of Rs 8 per 10 grams and Rs 80 for 100 grams.
Meanwhile in New Delhi, gold rate for today is Rs 46,410 for 22-carat while for 24-carat gold, the price is Rs 50,630.