Gold and Silver price (September 4, 2023): Precious metal traded in green; Gold above Rs 59,000; Silver above Rs 75,000
Gold and Silver price (September 4, 2023): MCX gold futures (Oct 5) were up Rs 121 or 0.2 per cent at Rs 59,516 per 10 grams. Here's what analysts suggest.
)
Gold and Silver price (September 4, 2023): Precious metal futures on Monday traded in the green.
Last seen, MCX gold futures (Oct 5) were up Rs 121 or 0.2 per cent at Rs 59,516 per 10 grams at the last count, having traded between Rs 59,516 and Rs 59,570 earlier in the day. Silver futures (Dec 5) were up 0.2 per cent or Rs 147 at Rs 75,236 per kg.
"Bullion's daily charts are showing some profit booking. Traders are advised to book their long positions and can make fresh short positions in Gold and Silver near the given resistance level," said Amit Khare Associate Vice President at Ganganagar Commodity Limited (GCL) Broking.
Khare sees support for gold October futures at 59200/59000 and resistance at 59500/59700. For Silver December futures he sees support at 74500/74000 and resistance at 75600/76200.
In the international market, COMEX gold was flat but in red at $1,967.1 per ounce.
"Gold bulls may attempt to test $1965 resistance in the near term. Interim resistance comes at $1955. Support is at $1931/$1914. Overall, dip buying is expected to be a preferred trade," said Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas.
Here's an indicative list of spot gold prices in some of the major Indian cities:
City-wise gold price (24k) in India (September 4, 2023)
City | Gold prices for 24k (10 grams) |
Mumbai | Rs 61,095 |
Delhi | Rs 61,135 |
Chennai | Rs 61,260 |
Kolkata | Rs 61,365 |
Bengaluru | Rs 61,255 |
Hyderabad | Rs 61,210 |
Ahmedabad | Rs 61,235 |
Bhopal | Rs 61,270 |
Visakhapatnam | Rs 61,210 |
Jaipur | Rs 61,065 |
Lucknow | Rs 61,070 |
Coimbatore | Rs61,270 |
Madurai | Rs 61,255 |
(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before acting on the information.)
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

Monthly Pay Calculations: Is your basic salary Rs 24,900, Rs 51,500, Rs 70,000, or Rs 1,01,400? Know what can be your total salary?

Gratuity Calculation: What will be your gratuity on Rs 45,000 last-drawn basic salary for 6 years & 9 months of service?

How investing Rs 1 lakh office bonus for 10 years can bring your Rs 2.77 crore retirement corpus dream to reality

Sadguru Mahashivratri 2025: When and where to watch Isha Foundation’s 'Great Night of Shiva' grand celebration live online

8th Pay Commission Pension Calculations: Can basic pension be more than Rs 2.75 lakh in new Pay Commission? See how it may be possible

SBI Revamped Gold Deposit Scheme: Do you keep your gold in bank locker? You can also earn interest on it through this SBI scheme

Power of Compounding: How long it will take to build Rs 3 crore corpus with Rs 4,000, Rs 7,000 or Rs 11,000 monthly investments

Top 7 Mid Cap Mutual Funds With Highest Returns in 3 Years: Rs 2,00,000 one-time investment in No. 1 scheme has converted into Rs 4,38,000
04:45 PM IST