Gold and Silver Rate Today (July 10): Yellow metal rises to Rs 72,730, white metal at Rs 93,400; key things to know about precious metals
Gold and Silver Rate Today (July 10, 2024): MCX gold and silver futures jumped on Wednesday, July 10, tracking global prices as investors awaited a key inflation reading from the world's largest economy due later in the day.
Gold and Silver Rate Today (July 10, 2024): Domestic gold and silver futures jumped on Wednesday mirroring international benchmarks as investors around the globe awaited a key US inflation reading due later in the day that may influence interest rates in the world's largest economy. On MCX, while gold futures gained to as high as Rs 72,730, silver futures appreciated to as high as Rs 93,400.
Gold Rate Today | Yellow metal futures climb to Rs 72,730
![Gold Rate Today | Yellow metal futures climb to Rs 72,730 Gold Rate Today | Yellow metal futures climb to Rs 72,730](https://cdn.zeebiz.com/sites/default/files/2024/07/10/304197-goldjewellerysalespti.jpg)
Silver Rate Today | White metal futures up 0.5% at Rs 93,400
![Silver Rate Today | White metal futures up 0.5% at Rs 93,400 Silver Rate Today | White metal futures up 0.5% at Rs 93,400](https://cdn.zeebiz.com/sites/default/files/2024/07/10/304201-silverpexels.png)
Gold and Silver Prices | Both precious metals hold on to much of their intraday gains
![Gold and Silver Prices | Both precious metals hold on to much of their intraday gains Gold and Silver Prices | Both precious metals hold on to much of their intraday gains](https://cdn.zeebiz.com/sites/default/files/2024/07/10/304203-goldjewellerypti.jpg)
Take a Look at Spot Market Rates of Gold and Silver
![Take a Look at Spot Market Rates of Gold and Silver Take a Look at Spot Market Rates of Gold and Silver](https://cdn.zeebiz.com/sites/default/files/2024/07/10/304198-goldjewellerygoldyellowmetalpexels.jpg)
Take a Look at Mumbai Bullion Rates
![Take a Look at Mumbai Bullion Rates Take a Look at Mumbai Bullion Rates](https://cdn.zeebiz.com/sites/default/files/2024/07/10/304205-goldjewellerygoldpexels.jpg)
What Analysts say About Gold and Silver Prices
![What Analysts say About Gold and Silver Prices What Analysts say About Gold and Silver Prices](https://cdn.zeebiz.com/sites/default/files/2024/07/10/304220-goldjewellerypexels.jpg)
Analysts expect prices of both precious metals to remain volatile ahead of key inflation data from the US and China due this week.
"Gold has support at $2,350-2,334 levels (Rs 72,150-71,840) and resistance at $2,384-2,400 per troy ounce (Rs 72,620-72,880), while silver has support at $30.70-30.40 (Rs 92,500-92,100) and resistance at $31.35-31.66 per troy ounce (Rs 93,600-94,200) today," said Manoj Kumar Jain, Head-Commodity and Currency Research at Prithvi Finmart.
Gold and Silver | What should investors do?
![Gold and Silver | What should investors do? Gold and Silver | What should investors do?](https://cdn.zeebiz.com/sites/default/files/2024/07/10/304227-pexels-giallo-859895.jpg)
International Gold and Silver Rates
![International Gold and Silver Rates International Gold and Silver Rates](https://cdn.zeebiz.com/sites/default/files/2024/07/10/304221-goldjewellerygoldpexels.jpg)
Rupee nearly unchanged at 83.51 vs dollar
![Rupee nearly unchanged at 83.51 vs dollar Rupee nearly unchanged at 83.51 vs dollar](https://cdn.zeebiz.com/sites/default/files/2024/07/10/304222-rupeepexels.jpg)
The rupee closed barely in the red at a provisional 83.51 against the US dollar following rangebound intraday moves on Wednesday amid rising crude oil rates and weakness on Dalal Street. The dollar index - which gauges the greenback against six peers other than the rupee - was last down 0.1 per cent at 105.1.
The rupee shares an inverse relationship with gold, which is traded in dollars internationally. A stronger rupee relative to the dollar makes gold cheaper in India, and vice versa.