Gold had hit record highs of Rs 55,901 in August 2020. The yellow metal had closed at Rs 54,942 per 10 gram in the previous trade
Gold prices hit a six-month high on Tuesday in thin trading, with the market's attention turning to minutes from the US Federal Reserve's latest policy meeting due this week
Ten grams of 22-carat gold is selling at Rs 50,450, after a decrease of Rs 150
The price of ten grams of 24 carat gold in Delhi, Bengaluru, and Chennai is Rs 55,350, Rs 55,250, and Rs 55,960, respectively
On the upside, Gold futures need to break and sustain above Rs 55,230 in order to negate the likely corrective move. Meanwhile, Silver futures seem on course to test Rs 72,000.
Brokerages expect upside on hedging demand amid global slowdown risk
Silver prices rose Rs 1000 from yesterday's close and the precious metal is selling at Rs 71,300 per kg
Ten gram of 22-carat gold is selling at Rs 50,050
Market experts opined that Russia-Ukraine conflict led to a short-term spike in gold prices before it began falling amid stronger dollar and spike in crude oil prices
Ten gram of 22-carat gold is selling at Rs 50,150
Ten gram of 22-carat gold was selling at Rs 49,950
Ten gram of 22-carat gold is selling at Rs 49,950
On the upside, Gold futures are likely to counter some resistance around Rs 55,150, Silver around Rs 70,250.
Ten gram of 22-carat gold was selling at Rs 49,850
Ten gram of 22-carat gold was selling at Rs 49,700 after the price fell by Rs 550 from yesterday's close
Gold prices hemmed into a tight range in thin trading, as cautious traders awaited economic data due later in the day to gauge the Federal Reserve's rate hike stance
Ten gram of 22-carat gold was trading at Rs 50,100 today
But it will lose sheen if the world economy achieves a soft landing
Silver is selling at Rs 69,300 per kg
Ten gram of 22-carat gold is selling at Rs 49,600 after the prices remain unchanged from previous day, according to the GoodReturns website