MCX Gold, Silver Rate: Precious metals prices dipped significantly on March 23 in both domestic and international markets, as investor sentiment remained cautious amid the ongoing war in the Middle East and high dollar exchange rates. In the domestic futures market, the Gold contract for April 2 expiry fell by over Rs 8,000 to a low of 1,36,403 per 10 grams in early trade, compared with the last day's close of Rs 1,44,492 on the Multi Commodity Exchange (MCX).

Similarly, the Silver futures contract, May 5 expiry, plummeted over Rs 15,000 to a low of Rs 2,11,729 per kilogram against the last session closing of Rs 2,26,772.

"MCX Gold opened with a gap-down and is currently holding above the Rs 1,36,000 support zone, reflecting weak global cues and limited recovery strength. On the upside, Rs 1,39,000–Rs 1,40,000 remains the immediate resistance band. A sustained move above this zone could trigger a recovery toward Rs 1,43,000–Rs 1,46,000. On the downside, support is placed at Rs 1,34,000–Rs 1,35,000. A breakdown below this level could accelerate profit booking toward Rs 1,30,000," said Ponmudi R, CEO of Enrich Money. 

Gold and Silver Rate In International Market

The precious metals prices fell significantly in the international market amid rising crude prices and strengthening of the dollar index.

At the time of writing, COMEX Gold was trading at $4,492 per ounce, down $113.70 or 2.47 per cent. COMEX Silver was quoted at $67.8, down $3.4 or 4.78 per cent.

24k, 22k Gold Rate In India

In the domestic retail market, the gold rates for all purity levels felt pressure. The 24 karat gold rate today is Rs 1,45,520 per 10 grams, while the 22 karat gold rate today in India is Rs 1,33,393 per 10 grams.

At the same time, 20 karat gold rate today is Rs 121,267 per 10 grams, while 18 karat gold rate today is Rs 1,09, 140 per 10 grams.

Meanwhile, The Silver rate in the domestic retail market today is Rs 2,27,960 per kilogram, according to bullion.co.in.

Also Read: Stock Market Crash: Sensex Down 1,300 Points, Nifty Falls Below 22,700 Amid Escalating Tension In Middle East

Gold Rate Today In Key Indian Cities 

Gold Rate Delhi: 24 karat- 1,45,010, 22 karat- 1,33,155

Gold Rate Mumbai: 24 karat- 1,45,260, 22 karat- 1,44,604

Gold Rate Kolkata: 24 karat- 1,45,060, 22 karat- 1,32,972

Gold Rate Chennai: 24 karat- 1,45,680, 22 karat- 1,33,540

Gold Rate Bangalore: 24 karat- 1,45,370, 22 karat- 1,33,256

Gold Rate Hyderabad: 24 karat- 1,45,490, 22 karat- 1,33,366


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