• Source:JND

MCX Gold, Silver Price Today: The bullion prices fell slightly lower, continuing their range-bound trading streak despite a highly uncertain geopolitical condition due to the ongoing war in the Middle East. In the domestic futures market, the Gold contract expiring on April 2 fell nearly Rs 1,800 in early trade to hit a low at Rs 1,56,655 per 10 grams against last session's closing of Rs 1,58,466 on Multi Commodity Exchange (MCX).

Similarly, MCX Silver expiring on May 5 declined over Rs 5,000 to a low of Rs 2,54,367 per kilogram as compared to last day's closing price of Rs 2,59,435.

At the time of writing, MCX Gold was trading at Rs 1,56,767, down Rs 1,699 or 1.07 per cent, while MCX Silver quoted at 2,54,940, down Rs 4,495 or 1.73 per cent.

Also Read: Gold Price Outlook: Why Bullion Price Didn't Rally Despite Middle East War Crisis; Can Gold Hit Rs 2 lakh?

"MCX Gold futures are currently trading in the Rs 1,56,500–Rs 1,57,500 range, reflecting consolidation after the recent geopolitical-driven rally. Strong buying interest remains visible in the Rs 1,54,000–Rs 1,56,000 demand zone. As long as prices sustain above this base, the medium-term bullish outlook remains intact. A sustained breakout above Rs 1,63,000 could revive momentum toward Rs 1,70,000–Rs 1,75,000," said Ponmudi R, CEO of Enrich Money. 

Gold Rate in International Market

The gold rates in the international market traded lower as well. Last seen, COMEX Gold was trading at $5,016 per ounce, down $45.70 or 0.90 per cent. While COMEX Silver was trading at $80.27, down $1.06 or 1.31 per cent.

24k, 22k Gold Rates In India

Mirroring the futures market, the gold rate for different purity levels fell a bit in the Indian retail market as well. The 24 karat gold rate today in the domestic retail market is Rs 1,57,100 per 10 grams, while the 22 karat gold rate is Rs 1,44,008 per 10 grams.

Also Read: Stock Market Breaks Losing Streak; Sensex, Nifty Trade Higher In Early Hours

At the same time, the rate for 20 karat gold today is Rs 1,30,917 per 10 grams, while the 18 karat gold rate today is Rs 1,17,825 per 10 grams.

Gold Rate Delhi: 24 karat- 1,56,350, 22 karat- 1,43,321

Gold Rate Mumbai: 24 karat- 1,56,620, 22 karat- 1,43,568

Gold Rate Kolkata: 24 karat- 1,56,420, 22 karat- 1,43,385

Gold Rate Chennai: 24 karat- 1,57,080, 22 karat- 1,43,990

Gold Rate Bangalore: 24 karat- 1,56,750, 22 karat- 1,43,688

Gold Rate Hyderabad: 24 karat- 1,56,870, 22 karat- 1,43,798


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