Gold Price Today, March 10: Yellow metal surges on MCX as dollar eases — Check rates in Delhi, Mumbai, and other cities

Gold price today: Gold price on Friday edged higher on Multi Commodity Exchange (MCX) on account of the ease in the US dollar against the Rupee. Gold April Futures opened higher, quoting Rs 55,360 per 10 grams. Silver May Futures, however, trader lower at Rs 61,479 per kg, down by Rs 505 or 0.81 per cent.

Vandana Bharti, AVP-Commodity research, SMC Global Securities, said that due to the weakening of the Dollar index, there is a low-level buying opportunity in both gold and silver.

In the international market, Gold quoted at $1,828.60 per ounce while Silver was down by 0.90 per cent at $19.983 per ounce.

Praveen Singh, AVP, fundamental currencies and commodities analyst at Sharekhan by BNP Paribas, said that gold outlook remains bearish unless and until key US macroeconomic data start reflecting a weak US economy. Support is at $1800/$1785 while resistance is at $1830/$1850.

Trade call by Motilal Oswal

Gold April Contract

Sell- Rs 55,400

Stop Loss- Rs 55,550 

Target- Rs 55,100

Silver May Contract

Sell- Rs 61,900 

Stop Loss- Rs 62,400 

Target- Rs 61,000

Meanwhile, the rupee was trading at 82.04 against the US dollar. The international oil benchmark Brent crude futures stood at $81.15 per barrel down by 0.55 per cent.

Also Read: IndiGo, SpiceJet shares fall amid market-wide sell-off; Maharashtra cuts VAT on jet fuel 

Gold Price City-wise In India as of March 10, 2023, for 22k

Chennai- Rs 51,900 

Mumbai- Rs 51,400 

Delhi- Rs 51,550 

Kolkata- Rs 51,400

Bangalore- Rs 51,450 

Hyderabad- Rs 51,400 

Kerala- Rs 51,400 

Pune- Rs 51,400 

Vadodara- Rs 51,450 

Ahmedabad- Rs 51,450 

Jaipur- Rs 51,550 

Lucknow- Rs 51,550 

Coimbatore- Rs 51,900 

Madurai- Rs 51,900

Vijayawada- Rs 51,400 

Patna- Rs 51,450 

Nagpur- Rs 51,400 

Chandigarh - Rs 51,550 

Surat- Rs 51,450

Bhubaneswar- Rs 51,400 

Mangalore- Rs 51,450 

Visakhapatnam- Rs 51,400 

Nashik- Rs 51,430

(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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