Gold, Silver prices today, March 14: Precious metals slip in red on profit-booking - Check rates in Delhi, Mumbai and other cities

Gold, Silver Prices Today: Gold and Silver prices on Tuesday, March 14, edged higher on the Multi Commodity Exchange (MCX) in early trade amid mixed global clues. However, profit-booking dragged the precious metals to trade in red within few minutes of market opening. Gold Futures maturing on April 5 quoted at Rs 7,377 per 10 grams at 10:45 AM, down by 0.28 per cent. Silver Futures maturing in May traded at Rs 66,373, down by Rs 279 or 0.42 per cent.

In the international market, Gold price extended yesterday's gains to trade at six-week high, quoting at $1,902.10 per ounce. Silver was seen trading at $21.747 per ounce. 

Earlier on Monday, Gold price touched the $1,900 mark for the first time since early February as dollar and bond yields sank after regulators seized two US regional banks. Further, bullion prices were supported on hopes the Federal Reserve may put a brake on its aggressive monetary policy tightening cycle.

Amit Khare, AVP-Research Commodities, Ganganagar Commodity, said that bullions overall charts are negative. He said that there may be some downside movement in near future as indicated by the momentum indicator RSI.

Trade call by IIFL Securities

Gold April Contract

Buy- Rs 57,300 

Stop Loss- Rs 57,000 

Target- Rs 57,900

Silver May Contract

Buy- Rs 66,000 

Stop Loss- Rs 65,400 

Target- Rs 67,200

Meanwhile, the rupee was trading at 82.38 against the US dollar. The international oil benchmark Brent crude futures stood at $79.86 per barrel down by 1.13 per cent.

Also Read: Income Tax: What are the 3 deductions under the new tax regime?

Gold Price City-wise In India as of March 14, 2023, for 22k

Chennai -Rs 53,900 

Mumbai -Rs 53,150 

Delhi -Rs 53,300 

Kolkata -Rs 53,150 

Bangalore -Rs 53,200 

Hyderabad -Rs 53,150 

Kerala -Rs 53,150 

Pune -Rs 53,150

Vadodara -Rs 53,200 

Ahmedabad -Rs 53,200 

Jaipur -Rs 53,300 

Lucknow -Rs 53,300

Coimbatore -Rs 53,900 

Madurai -Rs 53,900 

Vijayawada -Rs 53,150

Patna -Rs 53,200 

Nagpur -Rs 53,150

Chandigarh -Rs 53,300 

Surat -Rs 53,200

Bhubaneswar -Rs 53,150 

Mangalore -Rs 53,200 

Visakhapatnam -Rs 53,150

Nashik -Rs 53,180

(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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