Gold and silver prices edged higher today in Indian markets after a sharp fall last week. On MCX, gold rates were up 0.6% to ₹47004 per 10 gram while silver rose 0.6% to ₹68,789 per kg.
gold rate per 10 gram
Gold Prices Today Slip, After Kissing 2-month high, Silver Rates Rise
Gold Prices Today: Gold prices in India slipped today amid softer global rates. On MCX gold futures were marginally lower at ₹47,380 per 10 gram while silver futures edged 0.45% higher to ₹68,635 per kg. In the previous session, gold had hit a two-month high when it rose to ₹47,850 per 10 gram.
MCX Gold Prices Today Rise; MCX Silver Rates Move Up
MCX Gold Prices Today: Gold and silver today edged higher in Indian markets, tracking positive global cues. On MCX gold futures rose 0.28% to ₹46,737 per 10 gram while silver advanced 0.17% to ₹67,752 per kg.
Gold Prices Today Weak, Yellow Metal Struggled in Indian Markets
Gold Prices Today: Yellow Metal struggled in Indian markets for third day in a row amid softness in global rates. On MCX, gold prices were up 0.1% to ₹46,464 per 10 gram after a two-day decline.
Gold Prices Today Fall for 2nd Day in a Row, Silver Edges Higher
Gold prices in India edged lower today, tracking a drop in global rates. On MCX, October gold futures fell 0.04% to ₹52,207 per 10 gram. Silver futures however edged 0.35% higher to ₹67403 per kg.
Why Central Banks Care About Gold
Max Castelli, head of global strategy at UBS Asset Management’s Global Sovereign Markets team, said: “Increasing exposure of central banks to hold more gold is a long-term trend which started a few years ago. There are multiple drivers supporting this trend and price is certainly one of them.”
Many Analysts Remain Bullish on Gold Prices – GSR
Silver futures on MCX rose 0.4% to ₹67050 per 10 gram. In the previous session, gold prices had edged 0.7% or ₹350 higher while silver advance 0.06% amid a volatile ride. On Tuesday, gold futures on MCX had collapsed nearly 6% or ₹3,200 per 10 gram. Last week gold had crossed ₹56,000 on its way to record highs.
Gold Prices Unable Break $1492, The Downtrend Will Remain Intact
Gold prices got a lift after the December Fed meeting, with Fed Chair Powell saying that interest rates are likely to remain on hold for quite some time.