The yellow metal had closed at Rs 56,195 per 10 gram in the previous trade. Silver also plummeted Rs 1,475 to Rs 69,286 per kilogram
The price of ten grams of 24-carat gold in Delhi, Chennai, and Bangalore is Rs 55,900, Rs 57,140, and Rs 55,800, respectively
Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates increase the opportunity cost of holding gold as it pays no interest
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
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.
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
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
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
Ten gram of 22- carat gold is selling at Rs 49,950 after the prices remain unchanged from the previous day
The overall bias for MCX Gold December futures is likely to remain bullish as long as the contract sustains above Rs 53,850, and Silver above Rs 65,950.