Gold Price Today: Yellow metal prices edge up as Dollar rally eases, check gold rate in your city

Gold Price Today: Gold experienced a little respite on Wednesday after hitting a low of almost seven months in the previous session. The yellow metal edged up as the dollar took a breather following a ferocious push to 20-year highs.

At 10.50 am, gold contracts were trading higher by 0.20 percent at Rs 51,404 for 10 grams on the Multi-Commodity Exchange (MCX) while silver was trading lower by 0.08% percent to Rs 56,822 a kilogram.

Spot gold rose 0.3% to $1,770.27 per ounce by 0330 GMT, whereas Spot silver dipped 0.1% to $19.27 per ounce. U.S. gold futures also firmed 0.3% to $1,769.10.

It`s a very modest recovery following a significant fall, and after dropping through support around $1,790-$1,800, gold could now head lower in the medium term, said Michael McCarthy, chief strategy officer at Tiger Brokers, Australia.

Gold lost as much as 2.6% in the previous session to $1,762.81, its lowest since mid-December.

Here are the indicative price of 22 Carat Gold Today, 6 July 2022 (except GST, TCS, and other levies)

Chennai : Rs 47,400

Mumbai : Rs 47,600

Delhi : Rs 47,600

Kolkata : Rs 47,600

Bangalore : Rs 47,630

Hyderabad : Rs 47,600

Kerala : Rs 47,600

Ahmedabad : Rs 47,680

Jaipur : Rs 47,750

Lucknow : Rs 47,750

Patna : Rs 47,650

Chandigarh : Rs 47,750

Bhubaneswar : Rs 47,630

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before investing/purchasing.)

(With the inputs of PTI)