Gold Price Today: Know latest 24 carat price – BUY MCX Gold, Silver Futures at these levels; know price in physical markets - Delhi, Noida, Dubai
on Thursday, MCX Gold and Silver futures are trading with a negative bias and Expert Anuj Gupta, who is Vice President (VP), Commodity and Currency Research at IIFL Securities, sees a buying opportunity today, though the near-term outlook still remains weak, he said
MCX Gold and Silver futures are trading with a negative bias on Thursday and Expert Anuj Gupta, who is Vice President (VP), Commodity and Currency Research at IIFL Securities, sees a buying opportunity today, though the near-term outlook still remains weak, he said. On Wednesday, there was some price salvage for gold and silver due to some slippage in the US Dollar (USD), Gupta said. Source: Reuters
Gold Price Strategy – 12 August
On Thursday at 9:50 pm, the October Gold Futures were trading negatively on the MCX. The prices were down by Rs 33 or 0.07 per cent from the Wednesday closing price. The Gold Futures were trading at Rs 46,355 per 10 gram. He recommended a 'Buy' at Rs 46,100. The stop loss is at Rs 45,900, while the target price is at Rs 46,400. Source: Reuters
Silver Price Strategy – 12 August
Meanwhile, MCX September Silver Futures were trading at Rs 62,544 per kg on Thursday around this time, down by Rs 227 or 0.36 per cent from the last closing price on Wednesday. He recommended Buying at Rs 62,500. He puts the stop loss at Rs 62,000 while the target price at Rs 63,700. Source: Reuters
Gold Price Movement – June, July, August
Have taken some beating over the 11-days in August seeing a correction of 4.18 per cent. This was in the back of 1.90 per cent increase during the July month. In June the prices of Gold fell by almost 5.15 per cent. The information was shared by said. Source: Reuters
Silver Price Movement - June, July, August
Meanwhile, Silver futures moved just one-way over the last two months and in the first 11 days of August and that is downwards. As per Gupta, Silver futures’ prices fell by 1.78 per in July. The prices fell by 5.51 per cent in June and 7.81 per cent in August, he added. Source: Reuters
Gold, Silver Price - International Markets
In the international market Gold may test levels between USD 1680 and USD 1700 in a short term, Gupta said. The prices in the international markets were around USD 1750 on Thursday. Silver is expected to test US 22-22.50 in the near term. It is currently trading around 23.50. Source: Reuters
24 Carat Gold Price in Delhi Today
The price of 24 carat Gold in Delhi’s physical markets is around Rs 47,000 per 10 gram while that of Silver is around Rs 66,000 per kg, Gupta said. Gold prices in Noida are similar to those in Delhi, Gupta said. Source: Reuters
Gold Price in Dubai
As for prices in Dubai, 24k Gold was trading at AED 211 (4,264.17 Indian Rupee) per gram while 22k was trading at AED 198 (4,001.45 Indian Rupee). This information has been sourced from Dubai Gold & Jewellery Group (DGJG) website. The website claims DGJG to be the largest trade body for Dubai’s jewellery industry (DGJG). Source: Reuters