Gold Rate In Tamil Nadu Today

News About Gold rate in Tamil Nadu

• Gold futures prices jump in India on 31 August 2021

  Gold futures prices on MCX in India jumped by 0.27% on 31 August 2021 and were at Rs.47,293 for 10 grams. On 30 August 2021, gold prices jumped by Rs.329 and were at Rs.47,478 for 10 grams. At MCX gold prices are showing resistance at Rs.47,330-Rs.47,580 and showing support at Rs.47,000-Rs.46,820. In the domestic markets, the prices of the yellow metal settled on a weaker note due to a strong rupee. When compared to 27 August, the prices of gold in the international markets settled lower on 30 August 2021.

  2 September 2021

• Dip in spot gold prices on 28 July 2021

  On 28 July 2021, there was a decrease in the prices of spot gold in India, settling at Rs.47650 from the previous day's price of Rs.47660. It was also 0.34% lower than last week's average gold price of Rs.47812.9. On the Multi Commodity Exchange (MCX), the price of gold had changed by Rs.61.9 to settle at Rs.47611 per 10 gram.

  28 July 2021

• Gold price on MCX was up by 0.33 percent

  Gold futures on Tuesday recorded an increase of 0.33 percent or Rs.156 on the Multi Commodity Exchange (MCX) to cost Rs.47,455 for every 10 grams. According to the Indian Bullion and Jewellers Association, highest purity gold was sold for Rs.47,459 in the spot market. In the global market, the price of spot gold remained steady at $1,792.34 per ounce. It recorded its highest price since June 18 on Friday when an ounce cost $1,794.86. The futures of US gold increased by 0.5 percent to cost $1,792.

  6 July 2021

• Gold prices struggle in India on 15 June 2021

  In India, gold prices struggled on 15 June 2021 due to a steady trade in the international markets. Gold futures prices for the month of August on MCX jumped by Rs.20 and were at Rs.48,543 for 10 grams. In the previous session, the prices of the yellow metal closed at Rs.48,523 per 10 grams. In the international markets, spot gold prices traded flat and were at $1,866.15 for an ounce. On 14 June, spot gold prices hit its lowest price since 17 May 2021. Gold futures prices in the US jumped by 0.1% and were at $1,868.40 for an ounce.

  16 June 2021

• Gold futures prices fall by 0.31% on 28 May 2021

  Gold futures prices on the Multi-Commodity Exchange (MCX) fell by 0.31% and were at Rs.48,429 for 10 grams. Gold prices fell because of a strong dollar. Gold showed extreme volatility on 27 May. However, gold prices saw a mixed note. In the international markets, gold prices fell by 0.3% and were at $1,895 for an ounce. The prices of the yellow metal may be choppy, however, gold prices may reduce if the value of the dollar recovers. The support levels for the yellow metal are expected to be at the Rs.48.500-Rs.48,350 levels.

  31 May 2021

• Gold and silver rates settle on a weaker note in the international market

  Gold prices showed a volatile trend in the domestic and international market on 4 May as the precious metal’s value increased in the early trading session.

  Gold contracts for June delivery had settled at $1,776 per ounce, recording a loss of 0.88%. Silver futures for July delivery recorded a decline of 1.48% and settled at $26.56 per ounce.

  In the domestic market, gold futures for June delivery declined 0.95% and settled at Rs.46,781 per 10 grams. Silver futures for July dipped by 1.76% and was Rs.69,649 per kg.

  5 May 2021

• Gold prices in India jump by 7% in April

  After seeing a sharp fall in the previous, the prices of gold on MCX jumped to Rs.48,085 on 21 April 2021. In the month of March, gold rates closed at Rs.44,800 for 10 grams. Gold prices on MCX have seen a 7% increase this month. A weak dollar was one of the main reasons for the prices to increase. In case there are concerns of inflation and stimulus measures being introduced, the prices of gold increase. According to the Head of Commodity Research of Geojit Financial Services, any weakness in the global economy will ensure that the prices of the yellow metal increase.

  23 April 2021

• Gold rates fall for the fourth day in a row on 30 March 2021

  Pressured by a fall in the global markets, gold prices in India fell on 30 March 2021. Gold futures prices for the month of July on MCX fell by 0.4% and were at Rs.44,538 for 10 grams. This is the fourth day in a row that the prices of the yellow metal have fallen. Gold prices in the global markets fell by 0.4% and were at $1,704 for an ounce. Gold prices touched a two-week low in the global markets. There has been a boost for riskier assets after the US President announced that 90% of the adults would be eligible for the COVID-19 vaccine by 19 April.

  30 March 2021

• Gold rates fall due to lower investment demand

  Gold prices recorded a fall to one-fifth of their highest price seen in August 2020 at $2,067 per ounce. The price of the metal dipped below the psychological barrier of $1,700 per ounce and was at a 9-month low at $1,680 per ounce. However, on 12 March, the metal’s value recovered to $1,735 per ounce.

  Many reasons have been cited for the lower prices of gold including the rising value of the U.S. Dollar and a rise in the U.S. bond yields. However, the declining demand for gold investments has been one of the major criteria for lowering prices.

  15 March 2021

• Gold prices decline by Rs.10,000 compared to its highest in August 2020

  On 22 February, gold prices hit its lowest level in the previous 8 months and rose marginally by 0.3% to Rs.46,340 per 10 grams. However, on the other hand, silver prices increased by 0.8% to Rs.69,590 per kg on the Multi Commodity Exchange.

  In Delhi, the price of 22-karat gold was Rs.45,410 per 10 grams and 24-karat gold was priced at Rs.49,440 per 10 grams. 24-karat gold was priced at Rs.47,750 per 10 grams in Chennai and Rs.48,310 per 10 grams in Kolkata.

  In Mumbai, the value of 22-karat gold was Rs.45,130 per 10 grams and Rs.46,130 per 10 grams for 24-karat gold.

  Silver prices were at Rs.69,000 per kg in Delhi, Kolkata and Mumbai and Rs.73,800 per kg in Chennai and Hyderabad. In the international market, gold prices dropped marginally to $1,784.40 per ounce and had recorded an overall decline of 3.83% in the past month.

  24 February 2021

• Rise in prices of gold and other precious metals as hopes are pinned on US stimulus package

  Gold prices increased on rose on 8 February as investors pinned hopes of a substantial Covid-19 relief package from the US. Spot gold increased by 0.8% to settle at $1,825.69 per ounce while U.S. gold futures increased by 0.6% to settle at $1,822.90. The US Covid-19 relief package is expected to be $1.9 trillion which might be released in March. The other precious metals that gained were spot silver at an increase of 1.3% settle at $27.17 an ounce, platinum increased by 2.8% to settle at $1,155.12, and palladium increased by 0.6% to settle at $2,351.18.

  10 February 2021

• Gold prices in the country rise on 19 January due to a positive trend in the international market

  On the Multi Commodity Exchange, gold contracts saw a rise in value by 0.27% at Rs.49,117 per 10 grams and silver futures for March delivery was trading 0.35% higher at Rs.66,268 per kg. According to experts, investors can purchase the precious metal for a target of Rs.49,300 per 10 grams.

  Gold and silver prices increased on 19 January due to the value of the dollar dipping in the international market. Gold contracts for February, in the international market, settled at $1,840.20 per ounce and silver futures for March delivery settled at $25.32 per ounce.

  20 January 2021

• Gold prices increase by 1% in India on 4 January 2021

  Due to a positive trend in the international markets, the prices of gold increased in India as well. Following the increase, the prices of yellow metal hit an eight-week high. The main reason for the increase in prices was the increase in the number of coronavirus cases. Gold futures prices for the month of February on MCX jumped by 1.05% and were at Rs.50,771 for 10 grams. Due to the spread in the number of coronavirus cases, investors moved towards the yellow metal as a safe haven.

  5 January 2021

• Gold and silver prices decline in the market due to vaccine optimism amongst investors

  On 9 December, gold prices dropped in the market due to the positive news surrounding the COVID-19 vaccines being developed. On the Multi Commodity Exchange, the price of gold dipped by 0.8% to Rs.49,691 per 10 grams. Silver prices fell as well to Rs.64,251 per kg, after dropping by 1.4%.

  In the international market, gold prices lowered and spot gold fell by 0.3% to $1,865.46 per ounce as investors shifted to the equities market amidst increasing vaccine optimism. However, the metal saw support at its lower levels due to hopes of another stimulus package from the Central Bank in the U.S.

  Silver dipped by 0.7% to $24.38 per ounce in the international market.

  10 December 2020

• Gold trades lower and support now placed at Rs.50,800

  Gold had been trading lower in India it had tracked the muted trend in the global spot prices. On the MCX, the gold contracts for December traded at Rs. 50,950 per 10 gram (0.23% lower). The December silver futures had traded 0.2% lower and reached Rs,61,881 per kg.

  4 November 2020

• Prices of the yellow metal trade flat in India on 16 October 2020

  On 16 October 2020, gold futures prices for the month of December traded flat. The main reason for the prices to remain flat due to the low trend in the international markets. Gold futures prices for the month of December fell by 0.05% and are at Rs.50,689 for 10 grams. Gold prices showed extreme volatility on 15 October. In the international markets, the prices of gold increased slightly and are at $1,908.90 for an ounce. In India, gold prices settled higher and are at Rs.50,712 for 10 grams.

  16 October 2020

• Gold prices dip by 1% as support reaches Rs.49,800

  Gold rates had dipped by 1% and had tracked a muted trend in the international the prices. On the Multi-Commodity Exchange (MCX), the gold December contracts had been trading lower by 0.85%. The price had reached Rs.50,138 per 10 gram. The December silver futures had been trading 0.95% lower and reached Rs.60,565 per kg. A lot of the market analysts have said that below Rs.50,000, the next big support will be places at Rs.49,800 per 10 gm.

  Gold and silver had also rebound after the previous weeks' sell-off. Gold had increased by 2.14 and reached $1,904 per troy ounce. Silver prices had increased by 3.94% and reached $23.87 per troy ounce.

  The metals had settled on a positive note in the domestic market in spite of the strength in the Indian rupee.

  5 October 2020

• Gold prices increases to Rs.51,560 amidst positive global trends

  The gold and silver prices had increased in line with the global trends, as there was high unemployment in the U.S. This had kept all traders pretty worried about the economy. In turn, this had increased the demand for safe haven assets like gold and silver. On the MCX, gold futures on had been higher by 0.22% (Rs.115) and stood at Rs.51,568. The silver futures had also seen an increase by 0.24% (Rs.163) and reached Rs.68,305 per kg. The jobless claims report which had been released by the U.S. Labor Department had shown around 30 million people had been on unemployment benefits in August.

  20 September 2020

• Gold prices increase for the third day in India on 7 September 2020

  The prices of gold increased marginally in India for the third session in a row on 7 September 2020. The main reason for the increase in prices was the huge sell-off in the equities market. In the international markets, gold rebounded marginally. In the global markets, the prices of gold remained steady and were at $1,940 for an ounce. On MCX, gold futures prices increased by Rs.68 and were at Rs.50,746 for 10 grams. Since the beginning of the year, the prices of the yellow metal have increased by 41.5%.

  7 September 2020

• Yellow metal support witnessed at Rs.50,800 to Rs.50,500

  Gold rates had risen in spite of a muted trend in the international spot rates which had edged lower on a stronger U.S. dollar. On the MCX, gold October contracts had been trading higher by 0.17% at Rs.51,358 per 10 gram. The silver September futures had been trading at Rs.66,030 per kg. The U.S. dollar index had been firm near a more than one-week high hit last week.

  A few analysts said that the metal, which broke below Rs.51,500, might retest Rs.50,800 to Rs.50,500 if the selling pressure continues. Gold and silver had dipped in the international markets around 0.50%.

  On the MCX, both the metals had crashed as the Indian Rupee had strong gains. Gold had slipped around 1.50% and settled at Rs.51,260. Silver had slipped 2.50% to end at Rs.65,300.

  26 August 2020

• Gold prices reach Rs.56,000 mark

  Gold rates had extended gains and reached another peak, and this tracked the trend in the global market. Silver had increased are crossed the Rs.77,000 level. The gold futures on the MCX had been up 0.39% or Rs.220 at Rs.56,065 per 10 grams. Silver futures had added 1.5% or Rs.1,163 to Rs.77,215 per kg. Gold prices rose by Rs 225 to Rs 56,590 per 10 gram in the national capital on Thursday, in line with a strong rally in international price of the precious metal, according to HDFC Securities. Silver prices also witnessed a strong upward trend, as it jumped Rs 1,932 to Rs 75,755 per kg.

  10 August 2020

• Rise in the number of coronavirus cases see gold prices increase

  On 13 July 2020, the prices of gold increased in India due to the rise in the number of coronavirus cases all over the world. This led to investors moving away from riskier assets and shifting towards gold. In India, the number of coronavirus cases is at 8.8 lakh cases. The economy may take longer to recover due to the restrictions being increased on movement and businesses. Gold futures prices increased by Rs.177 and are at Rs.49,040 for 10 grams. According to HDFC Securities, the prices of gold in Delhi increased slightly 10 July 2020 and are at Rs.49,959 per 10 grams. In the international markets, gold prices are above the $1,800-levels for an ounce due to a weak dollar and the increase in the number of coronavirus cases.

  17 July 2020

• Gold gains, faces resistance above Rs.46,000

  The Indian gold August futures had risen in June in spite of the muted trend which had been seen in the international spot price. However, the experts are now feeling that gold metal will face resistance around Rs.46,000.

  On the MCX, June gold contracts had traded higher by 0.39% at Rs.45,875 per 10 gram. The silver July futures had been trading 0.9% higher at Rs.47,771 per kg.

  The gold and silver prices had dipped on Friday. Gold rates had slipped over 2% and was below $1,692 per troy ounce.

  On the MCX, gold prices had corrected over 2% and had then settled below Rs.45,800 levels. The silver prices had dipped over 3% and had settled below Rs.47,500.

  Manoj Jain, Director (Head - Commodity & Currency Research) at Prithvi Finmart Pvt Ltd had said that they expect the precious metals to remain volatile over the week and to selling at higher levels. Gold has been expected to face resistance around $1,700-1,714 per troy ounce / 46,100-46,300.

  9 June 2020

• Price of the yellow metal slips marginally

  Tracking muted trend in the international spot prices, gold prices slipped in the country today. On the Multi Commodity Exchange (MCX), June gold contracts were trading lower by 0.20 percent and was priced at Rs.45,534 for every 10 grams. The risk appetite was fuelled in D-Street following Prime Minister Narendra Modi’s announcement of a Rs.20 lakh crore stimulus package on Tuesday. The Sensex rallied more than 1,000 points and Nifty50 reclaimed 9,500 in the opening trade today.

  Silver also recorded a fall today with futures trading at Rs.42,850 per kg with a drop of 0.4 percent. Both gold and silver are expected to remain volatile on a strong rupee and the stimulus package announced by the government. On the MCX, both gold and silver futures are expected to hold crucial support of Rs.45,330 and Rs.42,500 respectively.

  13 May 2020