Gold, Silver Rates Today: Bullion prices jumped significantly on Wednesday after a decline in crude oil prices due to signs of easing geopolitical tension. In the domestic futures market, gold and silver rates escalated. MCX Gold, June 5 expiry, rose over Rs 2,400 to a high of Rs 1,52,182 per 10 grams in early trade as compared to last day's closing of Rs 1,49,753.

At the same time, MCX Silver, July 3 expiry, escalated Rs 7,600 to an early high of Rs 2,52,000 per kilogram as compared to last day's closing of Rs 2,44,316.

At the time of writing, MCX Gold was trading at Rs 1,51,988, up Rs 2,235 or 1.49 per cent. While MCX Silver was quoted at Rs 2,50,944, up Rs 6628 or 2.71 per cent.

"MCX Gold opened with a gap up and is currently trading near the RS 1,51,000–Rs 1,52,000 resistance band, with price action showing improving strength and emerging buying interest. A sustained move above Rs 1,52,000 could reinforce bullish momentum and extend the rally toward the Rs 1,55,000–Rs 1,56,000 zone," said Ponmudi R, CEO Of Enrich Money.

24k, 22k Gold Rates

In the domestic retail market, gold prices across different purity levels also surged. The 24-karat gold rate today is Rs 1,52,540 per 10 grams, while the 22-karat gold rate today is Rs 1,39,828 per 10 grams.

The 20 karat gold rate today is Rs 1,27,117 per 10 grams, and the 18 karat gold rate today is Rs 1,14,405 per 10 grams.

Also Read: Stock Market Today: Equity Indices Trade Higher, Sensex Up 300 Points

Stock Market Today

The domestic equity indices traded higher in early trade amid decent buying momentum. At the time of writing, BSE Sensex was trading at 77,301.13, up 283.34 points or 0.37 per cent, and Nifty50 was quoted at 24,138.95, up 106.15 points or 0.44 per cent.

The rally came after crude oil prices fell after US President Donald Trump claimed progress in talks to end the war with Iran. Positive trends in global markets helped lift domestic equity markets.

The 30-share BSE Sensex rose 657.22 points to 77,675.01 in early trade. The 50-share NSE Nifty rose 218 points to 24,250.85.

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