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