Gold Price Today: Gold in Indian markets yesterday due to sluggish global signals(Gold Price) And the price of silver(Silver Price) Remained weak. The rise in treasury yields has led to a decline in gold futures. Gold (24 carat gold) fell 0.12 percent in June futures on the Multi Commodity Exchange (MCX). Silver for July delivery fell 0.28 per cent. The US Federal Reserve has also signaled a rate hike of at least 0.50 per cent in its June-July meeting. This has increased the pressure on gold. Gold is trading at 18 1850 an ounce in the global market today. Among other precious metals, silver fell 0.5 per cent to 21 21.86 an ounce.
June Futures Gold at Multi Commodity Exchange (MCX) 60 or 0.12 per cent reduction to Rs. 50,759 per 10 grams while July futures silver traded at Rs. 172 or 0.28 per cent to Rs. 61,362 per kg.
The holdings of SPDR Gold Trust, the world’s largest gold-based exchange-traded fund, rose 0.2 per cent to 1,069.81 tonnes on Wednesday. The holding on Tuesday was 1,068.07 tonnes. The opportunity to hold short-term US interest rates and bond yield bullion increases costs. However, gold is seen as a safe haven during the financial crisis.
On Wednesday, gold prices rose by Rs. 13 down to Rs. 50,935 per 10 grams. As a result, gold closed at Rs 50,948 per 10 grams in the previous trading session.
The price of gold can go up to 52 thousand
The demand for gold for hedging against inflation may increase. The European Union’s sanctions on Russia over its attack on Ukraine could push up global oil prices. Demand for oil is expected to increase further in China with the easing of the lockdown. This could lead to a rise in inflation, which is expected to push up the price of gold. If the price rises, gold could reach 52,100 in the domestic market.
Take a look at today’s gold prices |
|
MCX GOLD: 50772.00 -47.00 (-0.09%) – 1:47 p.m. | |
The price of 10 grams of gold in Gujarat is as follows | |
Ahmedavad | 52580 |
Rajkot | 52600 |
(Source: aaravbullion) | |
In four metros of the country, 10 grams of gold is being traded at this price | |
Chennai | 51980 |
Mumbai | 51980 |
Delhi | 51980 |
Kolkata | 51980 |
(Source: goodreturns) | |
Take a look at the gold prices in the countries of the world | |
Dubai | 47038 |
USA | 46197 |
Australia | 46058 |
China | 46083 |
(Source: goldpriceindia) | |
. Source