• Source:JND

Gold and Silver rates fell significantly in the early trade in domestic and international futures markets amid ease in crude oil prices on the back of the US-Iran peace deal announcement. Gold futures, August 5 expiry, fell Rs 790 to an early low of Rs 1,52,301 per 10 grams as compared to last day's closing of Rs 1,53,091 on Multi Commodity Exchange (MCX). Similarly, Silver futures, July 3 expiry, declined over Rs 1,300 to a low of Rs 2,48,777 per kilogram as compared to the previous closing of Rs 2,50,105 on MCX.

Last seen, MCX Silver was trading at Rs 2,48,919, down Rs 1,186 or 0.47 per cent. MCX Gold was quoted at Rs 1,52,530, down Rs 561 or 0.37 per cent.

"MCX Gold opened on a fragile note and is currently trading near the Rs 1,52,500–Rs 1,52,000 support zone, reflecting cautious price action amid ongoing volatility. A sustained move above Rs 1,53,500–Rs 1,54,000 could help stabilise prices and extend the recovery toward the Rs 1,55,000–Rs 1,55,500 zone. On the downside, a decisive break below the Rs 1,52,000 support level could drag prices toward Rs 1,51,000 and further toward the Rs 1,50,000 mark. Overall, the near-term bias remains cautious, with prices needing to sustain above the key Rs 1,52,000 support level to maintain stability," said Ponmudi R, CEO of Enrich Money.

22k, 24k Gold Rates In India

According to bullion.co.in, the 24 karat gold rate today is Rs 1,52,930 per 10 grams, while the 22 karat gold rate today is Rs 1,40,186 per 10 grams.

Meanwhile, the 20 karat gold rate today is Rs 1,27,442, and the 18 karat gold rate today is Rs 1,14,698 per 10 grams. At the same time, silver rates in the domestic retail market today are Rs 2,51,210 per kilogram.

Gold and Silver Rates in the International Market

In the international market, gold and silver traded contrary to each other in the early hours. Last seen, COMEX Gold was trading at $4,350.30 per ounce, down $4.10 or 0.09 per cent. While COMEX Silver was quoted at $70.335, up $0.3 or 0.46 per cent.


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