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Gold Price Today: For the past few days, there was a steady rise in gold prices. On Tuesday, the price of 10 grams of gold in retail had also crossed 1 lakh mark. But as soon as the market opened on Wednesday, profits started in gold.
The price of June Futures Gold opened at 95,457 per 10 grams at the Multi Commodity Exchange (MCX) at 95,457 per 10 grams. Not only gold, but also silver fell down. The May Futures Silver fell 400 to 95,478 per kg.
Why gold became cheaper?
Internationally, Gold had crossed the level of $ 3,500 per troy ounce at one time, but was followed by statements of US President and Federal Reserve Chairman, which made heavy selling in gold. The President spoke of stable relations with China and Fed Chairman Pavel’s chair was also talked about retaining, both of them were going to do the market a little ‘cool down’.
Apart from this, the return of the dollar also became a reason. The dollar index has now recovered from a three -year low to around 99.31. If the dollar is strong then there is pressure on gold prices.
What do experts say?
According to the Times of India report, if the gold falls below $ 3,400, it can fall to $ 3,330 and then to $ 3,260. $ 3,440 an ounce is currently a major resistance level.
What is the rate in your city
There is a slight difference in gold prices in different cities of the country. Today, 22 carat gold is getting 57,176 per 8 grams in Delhi, while the price of 24 carat pure gold is 60,920 per 8 grams. At the same time, 22 carat gold is being sold in Mumbai at 57,952 and 24 carat gold at 61,784 per 8 grams. In Chennai gold priceAre a little less. Here 22 carat gold is 56,600 and 24 carat 60,376 per 8 grams. At the same time, 22 carat gold is available in Hyderabad at 57,120 and 24 carat gold at 60,952 per 8 grams. These prices can be slightly up and down according to local tax and making charge.
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