Gold price today in delhi

"Gold has been trading within a tight range over the past 2-3 sessions, with investors closely observing the upcoming US Federal Open Market Committee (FOMC) meeting today. The revised interest rate projections from the US Fed will be closely scrutinized, as any indications of diminishing expectations for rate cuts in 2023 could potentially result in short-term volatility in gold prices," said Neha Qureshi, Senior Technical & Derivative Research Analyst, Anand Rathi Commodities & Currencies. She recommends selling gold Aug futures on rise at 59,400 with a stop loss of Rs 59,600 and a target of Rs 59,000. For Silver July futures she recommends sell on rise at Rs 72,500 keeping a stop loss at Rs 73,500 and a target of Rs 70,000. In the international market, COMEX gold traded at $1,961 per ounce. Spot gold was down 0.24 per cent in the international market and stood at $1947.9 per ounce. "The US Federal Reserve is expected to keep the rates unchanged in its monetary policy decision, though markets widely expect the rates to rise in July. The Federal Reserve is likely to make it a hawkish pause, which may limit gold recovery, though huge volatility in gold prices in the wake of the rate decision isn't ruled out. Support is seen in the $1920-$1930 zone, while resistance is at $1950 followed by $1975. The yellow metal has failed thrice in its attempt to take out the $1975 level. Presently, the metal is up nearly 0.20% at $1948 as the US yields take a breather," said Praveen Sing...

Gold is considered to be the ideal investment in orthodox Indian society. While NFTs, Cryptos, mutual funds, and stocks are fairly new, gold investments in the form of jewelry or coins have been on trend for several years now. However, in recent times, due to severely fluctuating prices and rates of gold all India and globally, the rate of purchase of gold has decreased manifold due to its poor affordability. Delhi, one of India's largest consumers of gold, has seen declining and steeply rising rates that have caused distress and instability to the gold market in the region. There could be a variety of reasons for this, but given the state of affairs created by COVID-19, investing in these assets appears to be a safer option. Apart from that, gold hasn't been the most popular asset in recent years, but the drop in equity prices at the start of 2020 boosted gold prices. Delhi is one of the country's largest gold consumers, with most purchases made for trading purposes. Gold rate for last 10 days Date 22 Carat Price 24 Carat Price Jun 15, 2023 ₹5,689 0.56% ₹6,028 0.45% Jun 14, 2023 ₹5,657 -0.86% ₹6,001 -0.83% Jun 13, 2023 ₹5,706 -2.80% ₹6,051 -2.72% Jun 12, 2023 ₹5,871 2.67% ₹6,220 2.57% Jun 11, 2023 ₹5,718 -1.32% ₹6,064 -1.25% Jun 10, 2023 ₹5,718 -1.32% ₹6,064 -1.25% Jun 09, 2023 ₹5,718 -1.32% ₹6,064 -1.25% Jun 08, 2023 ₹5,794 0.58% ₹6,141 0.69% Jun 07, 2023 ₹5,761 -0.64% ₹6,099 -0.67% Jun 06, 2023 ₹5,797 0.27% ₹6,140 0.19% Given how the country is allowing people to move a...

Synopsis Gold prices on MCX dipped for the second consecutive day as lower demand and uncertainty regarding the US debt ceiling crisis impacted the precious metal's prospects. The June gold futures traded at Rs 59,893 per 10 grams on the MCX and was down by 0.58% from Monday's closing price. Meanwhile, the July silver futures traded at Rs 72,235 per kg, losing 0.68% at 11 am. The prices for gold in Delhi stood at around Rs 61,500 per 10 grams. Additionally, investment demand for gold continues to slide. Yellow metal slipped for the second day in a row on MCX as lower demand coupled with a lack of direction due to uncertainty over the US debt ceiling crisis took a toll on the prospects of the precious metal. The June gold futures were trading at Rs 59,893 per 10 grams on the MCX and were down by Rs 348 or 0.58% from Monday's closing price. Meanwhile, the July Silver futures were trading at Rs 72,235 per kg and were trading Rs 498 or 0.68% lower at 11 am. "Gold prices edged lower with spot gold at Comex was trading down by 0.45% at $1,963 per ounce in the morning trade. Gold prices declined for a second consecutive day amid optimism that the US will reach a debt ceiling deal and avoid debt default," Saumil Gandhi, Senior Analyst (Commodities) at HDFC securities said. MCX Gold June futures have support at Rs 59,700-59,540 per 10 grams and resistances at Rs 60,300-60,480, the HDFC Securities analyst said. "We expect gold to trade higher towards 60,620 levels, a break of which ...

By India Today Business Desk: After trading on the lower side yesterday, both gold and silver prices have recorded a hike on the Multi Commodity Exchange (MCX) on Tuesday, June 13. Gold futures, maturing on August 4, 2023, stood at Rs 59,806 per 10 grams on the MCX, after recording a marginal hike of Rs 144 or 0.24 percent. Similarly, silver futures, maturing on July 5, 2023, also witnessed a jump of Rs 331 or 0.45 percent and were trading at Rs 73,425 per kg on the MCX. GOLD, SILVER PRICES IN MAJOR CITIES CITY GOLD (per 10 grams, 22 carats) SILVER (per kg) NEW DELHI Rs 55,550 Rs 74,100 MUMBAI Rs 55,400 Rs 74,100 KOLKATA Rs 55,400 Rs 74,100 CHENNAI Rs 55,800 Rs 79,200 The gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals. GOLD, SILVER PRICE IN INTERNATIONAL MARKET

| News 16 Jun, 2023, 06.58 PM Gold rose on Friday as the dollar remained weak, though gains were limited by expectations of further interest rate hikes in the US. Despite this, traders still see a 74% chance of a July 2023 25-basis-point rate hike, according to CME's FedWatch tool. Higher interest rates decrease the appeal of zero-yielding gold. Nevertheless, investors have been looking to buy gold on weakness. The world's largest gold-backed exchange-traded fund, SPDR Gold Trust, saw outflows this week, attributed to gold's being less exciting than stocks. Silver rose 1.4% to $24.20 per ounce and palladium fell 0.2% to $1,396.62. | News 16 Jun, 2023, 05.29 PM The dollar index dropped to a fresh five-week low and settled lower by 0.81 per cent at 102.12 in the previous session on the back of weak US macro data and hawkish comments from the European Central Bank president that indicate another interest rate hike in July, Gandhi said | News 16 Jun, 2023, 12.34 PM Gold prices rebounded from a two-month low as the dollar index fell below 103 due to mixed US economic data and the Federal Reserve's hawkish pause on interest rates. Gold futures on the MCX declined 1.48% or Rs 892 per 10 grams in June but were up 7.97% or Rs 4,383 YTD basis, while silver futures were up nearly 10 or 0.01% in value terms in June, but 3.98% or Rs 2,760 YTD basis. The price of physical gold in Delhi and Ahmedabad stood at Rs 61,300 per 10 grams, while silver was at Rs 75,000 per kg. | News 16 Jun, 20...

Gold rates today, 13 June 2023: Gold rates today at Delhi, Chennai, Kolkata, and Mumbai have been slashed. The gold rates in Delhi for 10 grams of 22-carat have remained at Rs. 55,550 with a a fall of Rs. 100 and 10 grams of 24-carat gold is at 60,600 with a fall of Rs. 100. The gold rates in Chennai per 10 gram of 22 carats is at Rs 55,800 with a fall of Rs. 100 and the gold rate of 24-carat is at Rs. 60,900 with a fall of Rs. 100. The gold rate in Kolkata per 10 grams of 22 carats is at Rs. 55,400 and the rate of 10 grams of 24 carats is at Rs. 60,450. The gold rates in Mumbai per 10 grams of 22 carats has been at Rs. 55,400 and Rs. 60,450 per 10 grams of 24 carat. The silver rates have been at Rs. 74,100 in Kolkata, Chennai and Mumbai and the rate of silver in Chennai is at Rs. 79,300 The gold and silver rates mentioned here are due at 8 am and continue to fluctuate every day. Bullion market experts say there are many reasons for the gold rate to fluctuate, such as the change in international market currency prices, inflation, gold reserves at central banks, their interest rates, the jewellery market would impact gold rates.