Gold Price Today: Gold Futures Edge Lower, Hover Near Rs 46,900 Mark

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Gold price today: Domestic spot gold closed at Rs 4.506 for 10 grams on Tuesday

Strong points

  • Domestic spot gold closed at ₹ 4.506 for 10 grams on Tuesday
  • Gold futures were last down 0.15% at ₹ 46,904
  • Silver futures were last up 0.06% to Rs 67,694

Gold Price in India: Gold futures in the domestic market saw slightly lower volatile trading on Wednesday, April 14. On the Multi Commodity Exchange (MCX) gold futures, scheduled for delivery on June 4, were last seen down Rs 71 – or 0.15% – to Rs 46,904, having hovered between Rs 46,836 and Rs 46,908 during the session so far, compared to their previous close of Rs 46,975. Silver futures for a May 5 delivery were last up from 0.06% to Rs 67,694. (Read also: Is silver the new gold?)

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National spot gold closed at 4,506 rupees per 10 grams on Tuesday and silver at 63,064 rupees per kilogram – both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewelers Association (IBJA). .

LBMA Gold Spot trading above the $ 1,740 levels. Gold prices rose on Tuesday, rebounding as the dollar fell and yields fell. The decline in the 10-year yield came despite a larger-than-expected stock and core CPI report announced by the Labor Ministry on Tuesday, ” said Kshitij Purohit, product manager, currencies and commodities, CapitalVia Global Research Limited.

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” Treasury yields appear to exceed which could lead to a rally in the yellow metal. Downside support is $ 1720, resistance is $ 1760. MCX Gold is trading in June with positive momentum in the evening session, downside support for the metal is 46300. Resistance for the metal is 47100, ” he added.

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