Gold and Silver price today (June 22, 2023): Precious metals trade in red - check out city wise prices in Mumbai, Delhi and other cities

Gold and Silver price today (June 22, 2023): Precious metal futures in the domestic market on Thursday traded lower.

MCX gold futures (Aug 4) were down Rs 86 or 0.15 per cent at Rs 59,628 per 10 grams at the last count, having traded between Rs 59,607 and Rs 59,663 earlier in the day. Silver futures (July 5) were down 0.65 per cent or Rs 452 at Rs 68,795 per kg. 

In the international market, COMEX gold traded at $1,943.5 per ounce.

Spot gold was flat in the international market and stood at $1,932.2 per ounce.

"The yellow metal, although downside pressure is apparent, is still finding dip buying support as the US Dollar and the US yields are unable to gain upward traction. It may take some strong US data or change in markets' perception about Fed rate hikes or a sharp decline in major currencies to break the key support at $1920 decisively. Next support is at $1900. Resistance is at $1950/$1975," said Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas.

He added market participants will be paying attention to Fedspeak also which includes Federal Reserve Chair Powell's semiannual monetary policy testimony to the Senate Banking Committee, though markets don't expect any significant deviations from his yesterday's remarks.

Here's an indicative list of spot gold prices in some of the major Indian cities:   

City-wise gold price (24k) in India (June 22, 2023)

(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 updates in the stock market here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.