Gold price today: Yellow metal rebounds on MCX; Buy - check price target | Rates in your city on September 22

Gold and Silver Rate Today: A positivity is being seen in the yellow metal price after a long time on Multi Commodity Exchange (MCX). However, the price remained below Rs 50,000. The Gold October futures were trading 0.17 per cent up at Rs 49,529 per 10 grams on the fourth day of the week.

Similarly, silver is also trading in green and the metal price crossed Rs 57,000. December futures were trading up at Rs 57,357 per kg. The metal was up by 0.10 per cent at 11:30 am.

BUY call for Gold
Buy - Rs 49,200
Price target - Rs 49,600
Stop loss - Rs 49,000

BUY call for Silver
Buy - Rs 56,500
Price target - Rs 57,600
Stop loss - Rs 55,800

After the US Federal Reserve's interest rate hike and its hawkish stance weighed on investor sentiments, the rupee depreciated 51 paise to an all-time low of 80.47 against the US dollar in early trade on Thursday, as per PTI report.

"Given the broad dollar strength, the Reserve Bank of India too may look to revise its intervention function. We are likely to see a 80.10-80.50 range on Thursday," IFA Global Research Academy said.

On the domestic equity market front, the 30-share BSE Sensex was trading 166.77 points or 0.28 per cent down at 59,290.01, while the broader NSE Nifty fell 41.15 points or 0.23 per cent to 17,677.20, said PTI.

Gold rates city-wise today, September 22, for 22 Carat:

Chennai : Rs 46,400

Mumbai : Rs 46,000

Delhi : Rs 46,150

Kolkata : Rs 40,000

Bangalore : Rs 40,050

Hyderabad : Rs 46,000

Kerala : Rs 46,000

Ahmedabad : Rs 46,050

Lucknow : Rs 46,150

Patna : Rs 46,030

Chandigarh : Rs 46,150

Bhubaneswar : Rs 46,000

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before investing/purchasing.)