Consultant picture. Reuters
At 9:30 a.m. on the Multi-Commodity Alternate (MCX), August gold futures have been buying and selling at Rs 47,732 per 10 grams, down 0.42%, in accordance with a report by Management of cash. September silver futures have been additionally buying and selling down 0.34% to Rs 69,061 per kilogram. Nonetheless, within the worldwide market, gold and silver costs closed on a constructive observe on Friday.
Gold costs fell on Monday with the speed of 10 grams of 22-karat gold slipping to Rs 46,810 whereas silver traded at Rs 69,300 per kg, mentioned experiences citing the positioning Good Returns.
The value of gold in Delhi is Rs 46,900 for 10 grams of twenty-two karat gold. The identical quantity of 24 karat prices Rs 50,950. In Mumbai, the value of 10 grams of twenty-two karat gold is Rs 46,810 whereas 24 karat gold prices Rs 47,810.
In Calcutta, the valuable yellow metallic prices Rs 47,360 for 10 grams of twenty-two karat gold whereas 10 grams of 24 karat gold prices Rs 50,060. The identical quantity of twenty-two karat gold in Chennai is priced at Rs 45,260. whereas 24 karat gold prices Rs 49,380.
Ten grams of twenty-two karat gold prices Rs 44,750 in Kerala whereas the identical quantity of 24 karat gold will be bought for Rs 48,820. Gold prices Rs 46,900 for 10 grams for 22 karats in Lucknow, the place the 24 karat gold prices 50,950 Rs.
Director, Head-Commodity and Foreign money Analysis at Prithvi Finmart Commodity Analysis, Manoj Kumar Jain, mentioned gold and silver costs are anticipated to stay unstable this week amid mounting tensions between america and China.
He added that gold has help at 47,700-47,550 at MCX whereas there’s resistance at 48 180-48,440. Talking of silver, he mentioned the metallic has help at 68 800-68,400 and resistance at 69,800-70,300, reported Cash management.