• Source:JND

MCX Gold, Silver Rates Today: The Gold rates in the domestic futures market jumped a bit amid some buying momentum amid uncertain geopolitical conditions and higher crude rates. MCX Gold, June 5 expiry, rose over Rs 500 to an early high of Rs 1,54,243 per 10 grams against last day's closing of Rs 1,53,663. Similarly, MCX Silver, July 3 expiry, escalated over Rs 4,400 to an early high of Rs 2,82,755 as compared to last day's closing of Rs 2,78,311.

At the time of writing, MCX Gold was trading at Rs 1,54,038 per 10 grams, up Rs 375 or 0.24 per cent. MCX Silver was quoted at 2,81,901, up Rs 3,590 or 1.29 per cent.

"MCX Gold opened with a gap up and is trading near the Rs 1,54,000 zone, breaking out of the recent consolidation range and trading above the ascending trendline with renewed bullish momentum," said Ponmudi R, CEO of Enrich Money.

"Immediate resistance stands at Rs 1,54,750–Rs 1,55,000; a sustained move above this level could extend the rally toward Rs 1,55,500–Rs 1,56,000. On the downside, Rs 1,53,000 acts as immediate support; a failure to hold above this level could drag prices back into the Rs 1,51,500– Rs 1,53,500 consolidation zone," he added.

Gold and Silver Rates in the International Market

Gold and silver rates saw a marginal uptick in the international futures market as well. Last seen, COMEX Gold was trading at $4,734.20 per ounce, up $5.50 or 0.12 per cent. COMEX Silver was quoted at $86.885, up $0.937 or 1.09 per cent.

24k, 22k Gold Rates Today In India

According to bullions.co.in, gold rates for different purity levels in the domestic retail market jumped a bit. The 24 karat gold rate today in India is Rs 1,54,420 per 10 grams, while the 22 karat gold rate today is Rs 1,41,552 per 10 grams.

Meanwhile, the 20 karat gold rate today in India is Rs 1,28,683 per 10 grams, and the 18 karat purity gold rate today is Rs 1,15,815.


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