Gold price decline on Friday
The price of gold recorded a decline of Rs.100 for every 10 grams on Friday. 10 gram of 24-carat gold was sold for Rs.47,280 in Mumbai, the commercial capital. In New Delhi, consumers were required to shell out Rs.50.580 per 10 gram while in Chennai and Kolkata, 10 grams of the precious metal cost Rs.48,560 and Rs.49,400 respectively. The rate charged for 10 grams of 22-karat gold in New Delhi and Mumbai was Rs.46,350 and Rs.46,280 respectively on Friday.
Indian Spot Gold Rate on 30 July 2021
The spot gold price in India has increased by 0.02% since yesterday, 29 July 2021 rising to Rs.48,080 from Rs.48,070. It was also 0.39% higher than the previous week's average of Rs.47,894.3. Although gold prices increased in both the global ($1816.7) and Indian markets (Rs.48,080), spot gold prices in India grew at a slower rate of 0.02% compared to worldwide gold prices of 0.18%. Gold spot price (Rs.48,080) for today, 30 July 2021 grew by 86.6% over yesterday's (Rs.48,070), while worldwide spot prices jumped by $3.25 to $1816.7 today.
Gold rates trade firm in India on 7 July 2021
Gold prices in India traded firm on 7 July 2021 even though the prices in the international markets had slipped. Gold futures prices for the month of August on MCX jumped by Rs.72 and were at Rs.47,756 for 10 grams. In the previous session, the prices of the yellow metal closed at Rs.47,684 for 10 grams. In the international markets, the prices of the yellow metal fell after hitting a three-week high in the last session. A strong dollar ensured that the prices of the yellow metal fell in the international markets.
Gold prices fall in India on 17 June 2021
The prices of 22-carat gold fell to Rs.47,410 for 10 grams in India on 17 June 2021. In the previous session, gold prices closed at Rs.47,600 per 10 grams. The prices of gold jewellery in the country depend on the making charges, state taxes, and excise duty. The prices of 22-carat gold in New Delhi, Chennai, and Mumbai are at Rs.47,500 per 10 grams, Rs.45,750 per grams, and Rs.47,410 for 10 grams, respectively. The prices of 24-carat gold are at Rs.48,410 per 10 grams. In the last session, the prices of gold closed at Rs.48,600 for 10 grams. In the international markets, spot gold prices fell by 1.1% and were at $1,839.06 for an ounce.
Gold price flares to more than Rs.49,000 on 1 June
The price of gold has gone up and is now being traded at the rate of Rs.49,049 for every 10 grams. Both gold and silver prices have gone up on the MCX today.
The golf futures have recorded a hike of Rs.261 which sums up to 0.53%. Silver, on the other hand, which is set to mature on 5 July has also witnessed a price hike and now stands at Rs.72,500 per kg. The hike is in the effect of 0.97% or Rs.701. The prices of both the precious metals had witnessed a drop last week followed by which they have touched new highs this week.
Yellow metal tops Rs 47,000, silver inches closer to Rs 70,000
Prices of gold grew on Thursday due to a drop in dollar rates, while traders also awaited the release of non-farm payrolls data for April in the US due later this week.
Gold futures on MCX rose 0.20% or Rs.92 at Rs.47,092 per 10 grams. Silver futures grew 0.23% or Rs.158 to Rs.69,777 per kg.
In the spot market, the purest gold and silver were sold at Rs.46753 and Rs.68835 respectively on Tuesday, according to the Indian Bullion and Jewellers Association.
Spot gold dropped 0.1% at $1,785.05 per ounce. US gold futures remained unchanged at $1,785.10 per ounce.
Palladium prices dropped 0.1% to $2,968.78 per ounce. Silver prices fell 0.5% at $26.37 per ounce, while platinum slipped 0.4% to $1,220.16.
Gold rates trade flat in India 19 April 2021
Gold prices in India traded flat on 19 April 2021 due to a positive trend in the international markets. Gold futures prices for the month of June on MCX jumped by 0.07% and were at Rs.47,385 for 10 grams. According to a report, gold prices in the global markets were near a seven-week high that they hit in the previous session. On 16 April 2021, gold prices jumped in the international markets. Gold futures prices in the global markets were at $1,776.90 for an ounce. Unlike gold, silver prices fell in India on 19 April. Silver futures prices for the month of May on MCX fell by 0.63% and were at Rs.68.250 for a kg.
Gold futures prices jump by 0.11% in India on 1 April 2021
Gold futures prices on MCX jumped by 0.11% on 1 April and were at Rs.44,984 for 10 grams. In the spot market, the prices of the yellow metal in the national market fell by Rs.49 and were at Rs.43,925 for 10 grams. The main reason for the reduction in prices was the decline in the global markets. In the international markets, spot gold prices jumped by 0.2% and were at $1,710.28 for an ounce. Gold futures prices in the US fell by 0.3% and were at $1,709.80 for an ounce.
Gold and Silver rates increase due to safe-haven demand
Gold and silver prices recorded significant gains in the market after the yellow metal’s value increased by Rs.496 to Rs.44,828 per 10 grams. The value of silver also increased by Rs.1,124 in the market. The precious metals’ values increased due to a weak trend in the equity market and optimism around the U.S. stimulus bill.
Silver prices increased to Rs.66,965 per kg after rising by more than Rs.1,000 in the market.
22-karat gold in Mumbai was Rs.41,062 per 10 grams and 24-karat gold was priced at Rs.44,828 per 10 grams. According to sources, the safe-haven demand for metals increased after the U.S. stimulus package of $1.9 trillion got approval from the U.S. Congress.
In the international market, gold prices increased marginally by $1.96 to $1,729.51 per ounce.
Gold rates fall to Rs.46,446 per 10 gram
The gold prices had dipped by Rs.392 and reached Rs.46,446 per 10 gram. The U.S. dollar traded lower at 89.78, or 0.43% against six currencies. The spot gold had dipped by $19.32 to $1,785.48.
Gold prices traded flat; silver prices trade at 0.20% higher
Gold prices for April delivery were trading flat in the domestic market with a positive trend seen in the international spot market. On the Multi Commodity Exchange, gold contracts for April were trading higher by 0.2% at Rs.48,050 per 10 grams. Silver prices also recorded a marginal incline by 0.20% at Rs.69,850 per kg.
According to experts, the price of gold and silver will stay volatile and find support at their lower levels with higher expectations from the U.S government to pass the Coronavirus relief stimulus package of $1.3 trillion.
In the international market, gold futures for April delivery showed a positive trend at $1,837.50 per ounce and silver futures for March showed a slightly weaker trend at $27.40 per ounce.
Gold prices show a declining trend in the market
On the Multi Commodity Exchange, gold contracts for February delivery dipped marginally by 0.58% to Rs.48,856 per 10 grams. Silver prices for March delivery also declined to Rs.66,156 per kg, falling by 0.57%.
According to experts, the precious metal has slipped below the Rs.49,000 per10-gram level and could see support around Rs.48,800 per 10 grams. Gold prices showed a steady trend in the international market where gold futures for February delivery traded on a slightly weaker note at $1,850.90 per ounce and silver prices for March delivery was at $25.54 per ounce.
Gold rates increase and reach 8-week high internationally
Gold rates in the country had been over 1% and had taken cues from the international prices where gold had reached an eight-week high. In the international market, the gold rates had been supported by weak U.S. Dollar. On the MCX, the gold futures for February had been trading Rs.556 (1.11%) higher and reached Rs.50,800 per 10 gram. The silver futures for March had been at Rs.69,520 per kg (up by Rs.1,397 or 2.05%).
Price of yellow metal breach the Rs.50,000 mark
The price of gold in the country breached the mark of Rs.50,000 after tracking positive trend in international spot prices. On the Multi-Commodity Exchange (MCX), February gold contracts were trading higher at Rs 50,090 for every 10 grams after recording an increase of 0.29 percent. The dollar index also cooled off after early gains and supported the yellow metal. February gold futures contracts settled at $1,866 with a gain of 1.30 percent. Silver rates fell on the MCX even though the price of the white metal increased globally. A kilogram was trading at Rs.65,398 after recording a decline of 0.15 percent.
Gold prices increase ahead of the US elections
Gold prices increased ahead of the US elections with spot gold rising by 0.7% to reach a price point of $1,890.96 per ounce. U.S. gold futures increased by 0.5% to reach a price point of $1,889.60. Silver increased to $24.03 an ounce, an increase of 1.7%. Platinum prices increased by 1% to reach $857.30. Palladium prices decreased by 0.4% to reach $2,202.56.
Gold futures prices on MCX fall in India on 19 October 2020
Gold futures prices for the month of December on MCX fell marginally in India on 19 October even though the prices increased in the global markets. The target for the yellow metal was set at Rs.50,800-Rs.51,000. Gold futures prices fell by 0.11% and were at Rs.50,489 for 10 grams. In the international markets, the prices of gold were at $1,902.80 for an ounce. In time inflation or currency debasement, investors consider gold as a safe haven. Gold prices in the country are inclusive of 3% GST and 12.5% import duty.
Gold prices remain steady in India after falling in the previous session
After falling in the previous session, the prices of gold remained flat in India on 6 October 2020. Gold prices on MCX remained steady and were at Rs.50,600 for 10 grams. In the previous session, the prices of gold were at Rs.50,460 per 10 grams. In the international markets, spot gold prices fell and were at $1,910.68 for an ounce. Gold futures prices in the US fell by 0.2% and were at $1,917 for an ounce. In August of this year, gold futures prices hit record highs and were at $2,072.50 for an ounce.
Gold rates dip by Rs.1,500 and silver falls by Rs.6,000
The prices of gold and silver had fallen after a global selloff in the metals. On the MCX, the gold futures had fallen by 2.7% (Rs.1,500) and reached Rs.50,300. The silver futures had also seen a dip by 9% (Rs.6,000) and stood at Rs.61,802. During the previous trading rally, the yellow metal had seen an increase in its price by 0.52% and silver had been 0.2% lower. The gold rates in India have been pretty unstable over the past few weeks after it had crossed Rs.56,000 last month.
In the international markets, spot gold prices had dipped after five weeks, and was below $1,900 per ounce. The spot gold prices had dipped by 3.5% and reached $1882.51 per ounce. Silver had also dipped by 11% and the Bloomberg Dollar Spot Index reached a gain.
Gold and silver prices drop amid strong dollar value
Gold prices dropped by 0.4% to Rs.51,140 per 10 grams and silver futures dropped by 0.75% to Rs.67,982 per kg on the Multi Commodity Exchange. Gold prices had increased in the previous session by 0.6% and silver prices had increased by 0.55%.
In the international market, gold prices were trading flat due to a stronger dollar value in the market which prompted investors to shift towards the equities market. Spot gold was trading at $1,929.30 per ounce and silver was priced at $26.66 per ounce after dipping by 0.2%.
Gold prices had previously hit all-time highs earlier in August and are down by Rs.5,000 from its highs. Silver prices also had hit close to Rs.80,000 per kg mark earlier in the month and have decreased substantially.
Gold prices rise for 2nd session, silver rates stand at Rs.63,700
The gold prices in India on 26 August 2020 continued to rise for the second session amidst the rising Coronavirus cases around the world. The rising cases across the globe have resulted in the rise of the precious metal’s prices.
The trade talks between USA and China had, however, affected the prices of the yellow metal. Around the world, the prices of the valuable metal were very volatile owing to the dollar index being at an all-time high for more than a week. This made gold more expensive for holders of other countries.
Prices of gold reduce for the second time in three days
Tracking global rates, gold prices in India reduced on 11 August 2020. Gold futures prices for the month of October reduced by 0.63% and are at Rs.54,600 for 10 grams. This is the second time that the prices of gold have fallen over the last three days. In the last session, gold prices increased by 0.35%. On 7 August 2020, the prices of the yellow metal increased by Rs.1,000 for 10 grams. Gold prices in India hit record highs last week and were at Rs.56.191 per 10 grams. In the international markets, gold prices reduced due to a strong dollar. However, the losses were capped due to the increase in the number of coronavirus cases and the tensions between China and the US. Spot gold prices fell by 0.3% and were at $2,021.32 for an ounce. In the case of a strong dollar, the prices of the yellow metal are expensive for other currency holders.
Steady inclines recorded for gold in the international market due to trade tensions
In the futures market, gold prices showed a steady incline on 17 July after positive trends were seen in the international market. The price of the metal showed positive trends with persistent tensions hovering around between the United States of America and China. Moreover, the consistent rise in COVID-19 cases in the U.S. and India helped with the incline in gold prices.
On 17 July, the value of the metal on the Multi Commodity Exchange was Rs.48,825 per 10 grams, increasing by Rs.52 compared to the previous session. As the value of the U.S. dollar recovered in the market, the price of gold had seen a fall.
With the European Central Bank’s stance of not changing the rates, the market did not see a bullish trend. On the day, the price of international bullion started lower as investors in Asia awaited further decisions on geopolitical issues persisting between China, Hong Kong and the United States of America.
Price of precious metal increases; possibilities to head towards Rs.47,000 per kg intact
With a positive trend seen in the international price of the bullion, August gold futures in India showed an incline on 10 June. With the equities market easing, investors shifted to the bullion market.
Risk appetite was low amongst investors as they awaited the statement on the monetary policy by the United States Federal’s Reserve. On the Multi Commodity Exchange, the price of June contracts was trading at an incline of 0.12% at Rs.46,650 per 10 grams. Silver futures were also trading at an incline of 0.10% at Rs.48,145 per kg.
Showing mixed trends on 9 June, gold gained more than 1% whereas, on the other hand, silver ended the session with a flat trend. The price of gold is said to remain volatile with the policy meeting of the United States Federal Reserve coming up.
Gold gains amidst growing fears over recession
On the MCX (Multi Commodity Exchange), the June gold contracts had traded higher by 0.53% at Rs.47,300 per 10 gram. The silver futures had been trading at 1.15% higher and stood at Rs.49,381 per kg.
A lot of analysts have said that the two precious metals will remain volatile. Gold had crossed its 47,000 mark when it comes to the MCX and silver had also crossed 48,920.
Gold and silver prices had rebound this week and gold future had also been higher by 1%. The silver futures had gained 3% on the MCX. The metals had shown some profit-taking in the trading session and post the downbeat Chinese CB leading index, these two metals had rebound again.