Gold Rate At the moment: Gold and silver prices slide once more for the second day on Friday amid the COVID vaccination drive throughout the nation. Gold futures on the Multi-Commodity Change (MCX) contracts had been buying and selling decrease by 0.24 p.c at Rs 49,104 for 10 grams at 09:20 hours. Silver futures fell by 0.75 per cent decrease or Rs 503 at Rs 66,145 per kg.
In the meantime, specialists recommend that traders can purchase gold on dips in the direction of Rs 49,000 for an preliminary upside goal of Rs 49,500.
“COMEX gold trades little modified close to $1,851/oz after a 0.2 per cent decline yesterday. Gold is uneven as assist from rising virus circumstances, disappointing US financial knowledge and hopes of upper US stimulus is countered by greater US bond yields, vaccine progress and persevering with ETF outflows,” mentioned Ravindra Rao, VP- Head Commodity Analysis at Kotak Securities informed ET.
Gold value varies throughout India due to excise obligation, state taxes, and making modifications. In New Delhi, the gold value of 22-carat gold is at Rs 48,350 per 10 gm, whereas in Chennai it fell to Rs 46,600. In Mumbai, the speed was Rs 48,430 in accordance to the Good Returns web site. The value of 24-carat gold in Chennai was Rs 50,880 per 10 gm.
At the moment 22 Carat Gold Worth Per Gram in India (INR) (Supply: Good Returns )
|Gram||22 Carat Gold
At the moment
|22 Carat Gold|
|1 gram||₹ 4,842||₹ 4,843|
|8 gram||₹ 38,736||₹ 38,744|
|10 gram||₹ 48,420||₹ 48,430|
|100 gram||₹ 4,84,200||₹ 4,84,300|
At the moment 24 Carat Gold Rate Per Gram in India (INR) (Supply: Good Returns )
|Gram||24 Carat Gold|
At the moment
|24 Carat Gold|
|1 gram||₹ 4,942||₹ 4,943|
|8 gram||₹ 39,536||₹ 39,544|
|10 gram||₹ 49,420||₹ 49,430|
|100 gram||₹ 4,94,200||₹ 4,94,300|
On Thursday, Gold futures fell 0.9 per cent to Rs 48,860 per 10 gram as contributors offloaded their holdings on low spot demand.
On the Multi Commodity Change, gold prices for February supply declined Rs 445, or 0.9 per cent, to Rs 48,860 per 10 gram in a enterprise turnover of 8,021 tons. Within the worldwide market, gold was buying and selling 0.69 per cent decrease at USD 1,842.10 per ounce in New York.
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