Gold and silver rates (April 10, 2023): Yellow metal futures trade below Rs 60,000 - Check out spot prices in Mumbai, Delhi, other cities

Gold and silver rates (April 10, 2023): Domestic gold prices on Monday (April 10) traded in the red (below Rs 60,000). On MCX, gold futures (June 5) was down by Rs 552 or 0.91 per cent at Rs 59,959 per 10 grams. Meanwhile, Silver futures (May 5) was down by Rs 407 or 0.55 per cent at Rs 74,163.

In the international market, spot gold slipped 0.84 per cent to $1,990.70 per ounce.

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What do analysts recommend on gold?

According to Amit Sajeja, VP of research commodities and currency at Motilal Oswal Financial Services (MOFSL), in the international market, gold will trade between $2000 to $1990 for the next two or three sessions.

“In the domestic market due to the Easter holiday the gold trade was affected but gold can touch the Rs 61,000 level soon, investors should buy on dips,” said  Sajeja, VP.

Investors can buy at Rs 60,200/60,300 levels, by keeping a stop loss of Rs 59,000, the expert said.

Sajeja further suggested buying silver on dips at Rs 74,300/73,400, keeping a stop loss of Rs 73700 and a target of Rs 75,500.

Here's an indicative list of spot gold prices in some of the major Indian cities:   

City-wise gold price (22k) in India (April 10, 2023) 

(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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