Gold price today, February 24: Yellow metal gains on MCX as dollar slips - Check rates in Delhi, Mumbai and other cities
Gold price today, February 24: The price of yellow metal rose on Friday amid US dollar weakening and investors' worries that the US economic data could support the Fed’s stance on higher interest rate regime.
Gold price today, February 24: Gold traded in the green on Multi Commodity Exchange (MCX) on Friday amid mixed global cues and rupee gaining against US dollar. Gold April Futures were trading at Rs 55,743 per 10 grams, up Rs 156 or 0.28 per cent, around 13:30 PM.
Silver, on the other hand, was down 0.13 per cent as March Futures quoted at Rs 65,642 per kg on MCX.
The price of yellow metal rose on Friday amid US dollar weakening and investors' worries that the US economic data could support the Fed’s stance on higher interest rate regime.
Spot Gold was up marginally to quote at $1,826.45 per ounce.
Trade call by Axis Securities
Gold April Contract
Sell- Rs 55,850
Stop Loss- Rs 56,050
Target- Rs 55,600
Silver March Contract
Sell- Rs 64,600
Stop Loss- Rs 67,000
Target- Rs 64,000
Also Read: Income Tax: What are the 3 deductions under the new tax regime?
Meanwhile, the rupee was trading at 82.74 against the US dollar. The international oil benchmark Brent crude futures was up by 0.75 per cent to USD 82.83 per barrel.
Gold Price City-wise In India as of February 24, 2023, for 22k
Chennai - Rs 52,350
Mumbai - Rs 51,700
Delhi - Rs 51,950
Kolkata - Rs 51,700
Bangalore - Rs 51,850
Hyderabad - Rs 51,700
Kerala - Rs 51,700
Pune - Rs 51,700
Vadodara - Rs 51,850
Ahmedabad - Rs 51,850
Jaipur - Rs 51,950
Lucknow - Rs 51,950
Coimbatore - Rs 52,350
Madurai - Rs 52,350
Vijayawada - Rs 51,700
Patna - Rs 51,850
Nagpur - Rs 51,700
Chandigarh - Rs 51,950
Surat - Rs 51,850
Bhubaneswar - Rs 51,700
Mangalore - Rs 51,850
Visakhapatnam - Rs 51,700
Nashik - Rs 51,700
(Disclaimer: These are indicative prices collected from trusted sources. Investors are recommended to check prices with their jeweller before investing/purchasing.)
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