• Source:JND

MCX Gold Rate Today: The gold and silver rates in the domestic and international markets traded contrary to each other, with gold prices falling a bit while Silver rates jumped slightly. In early trade, MCX Gold, June 5 expiry, fell over Rs 600 to a low of Rs 1,51,892 per 10 grams as compared to last day's closing of Rs 1,52,530. On the other hand, MCX Silver, July 3 expiry, escalated Rs 3,000 to a high of Rs 2,64,922 per kilogram against the previous closing of Rs 2,61,922.

The Trends were seen in the international market as well. At the time of writing, COMEX Gold was trading $47.70 or 1.01 per cent lower at $4,683 per ounce. COMEX Silver was quoted at $80.945, up 0.10 per cent.

Meanwhile, Last seen, MCX Gold was trading at Rs 1,52,067, down Rs 463 or 0.3 per cent, while MCX Silver was at Rs 2,62550, up Rs 628 or 0.24 per cent.

"MCX Gold is trading near the Rs 1,53,000 zone, attempting to stabilise after a sharp recovery, while the broader macro backdrop keeps sentiment fragile. Immediate resistance stands at Rs 1,53,500; a sustained move above this level could extend the rally toward Rs 1,54,000–Rs 1,55,000. On the downside, Rs 1,51,000 acts as immediate support, with Rs 1,50,500–Rs 1,50,000 as stronger bases should selling pressure resurface, with deeper losses potentially extending toward Rs 1,48,000," said Ponmudi R, CEO of Enrich Money.

Also Read: Stock Market Crash: Sensex Down 934 points, Nifty Falls Below 23,950; Here's WHY

24k, 22k Gold Rate Today

The gold rates for different purity levels fell a bit in the domestic retail market. The 24 karat gold rate today in India is Rs 1,52,830 per 10 grams, while the 22 karat gold rate today is Rs 1,40,094 per 10 grams.

Meanwhile, the 20 karat gold rate in India today is Rs 1,27,358 per 10 grams and the 18 karat gold rate today is Rs 1,14,623 per 10 grams.


Also In News