Gold Silver Tips Today : On Multi Commodity Exchange (MCX), the gold futures contract traded flat and silver futures edged lower, following a positive start on Wednesday. At 12:53 pm, MCX gold futures for a delivery on October 5 quoted 0.04 per cent lower at ₹ 50,944, while silver futures were down 0.56 per cent (Rs 357) at ₹ 63,650.
Investors awaited a speech from Federal Reserve Chairman Jerome Powell at Jackson Hole on Thursday, which is expected to provide further clarity on the US central bank’s view on inflation and monetary policy.
“Gold may continue to witness choppy trade unless we get more clarity on Fed’s stance and thereby trend in the US dollar however buying interest may emerge at lower levels,” said Ravindra Rao, VP- head commodity research at Kotak Securities.
Gold Silver Tips Today, International spot prices moved in thin trade. While spot gold was stuck in a range of $1,918.10-1,939.30 per ounce, silver barely moved at $26.36-26.83 per ounce.
In the domestic spot market, gold silver price jewellery rate stood at ₹ 51,188 per 10 grams and silver at ₹ 62,541 per kilogram, both excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).
Gold and silver jewellery prices vary in different parts of the country due to factors such as local taxes and making charges.
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