Click it and Unblock the Notifications
Gold Rates Rally Hit Pause in India Today; 24K, 22K, 18K Stable While Silver Rates Today Falls Again, Feb 10
Gold rate in India today observed no major movement on Tuesday after the yellow metal jumped 2.7% over the last three days. Gold prices have seen most of the volatility in the past 10 days, as prices first scaled an all-time high and then crashed sharply. As of today, the gold rate in India is about 19% below the record high it touched on January 29.
Despite the pause in the rally in gold rates in India, silver prices today declined after gaining Rs. 25,000 per kg in two trading sessions.
In contrast to the Indian bullion retail market, global spot gold rates declined as investors look ahead to U.S. jobs and inflation data scheduled to be announced later this week.
Gold Rate Today, Feb 10
Since there is no movement in gold price On February 10th, 22-carat gold rates in India are currently steady at Rs. 1,44,750 per 10 grams, while the 24-carat gold rates are at Rs. 1,57,910 per 10 grams. Just like that, 18-carat gold rates in India were stable at Rs. 1,18,440 per 10 grams.
Similarly, 100 grams of 24-carat gold rates are now priced at Rs. 15,79,100, while the 22-carat gold today costs Rs. 14,47,500.
Silver Rate in India Today
Silver prices in India today declined after it jumped back-to-back for two days. TThe white metal is now down about 29% from the record high. Currently, 1 kg of silver in India costs Rs 2,90,000, which declined by Rs 10000. While 100 g of silver rates in India cost Rs 29,000 after falling by Rs 100.
Gold Price Outlook Ahead
"Gold prices are expected to pull back. One can buy at 157300 with a stop loss of 156000 for the target at 159000-160500." As per Nirmag Securities Report.
"Gold and silver prices are trading slightly lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day; after gold prices fell after two days of gains, as investors took profits in a choppy market that's still trying to find a floor following a historic route." the report further mentioned.
MCX Gold Futures and Silver Futures Prices
Gold futures prices at the Multi Commodity Exchange slipped on February 10. Gold futures, which are expected to mature on April 4th, declined by 0.28% and are currently trading at Rs. 1,57,629 per 10 grams. Similarly, silver futures slated to mature on March 5th slipped 1.88% to trade at Rs. 2,57,691 per Kg at the time of writing.
Spot Gold Prices + Spot Silver Price Today
According to goldprice.org, spot gold is currently at $5,031.82, down by 0.48 %, while spot silver is trading at $81.19, with a decline of 1.64%.
City-Wise Gold Rates Today
Gold rates in several major metropolitan cities in India, such as Chennai, Mumbai, Bangalore, and Hyderabad, observed no rise or fall. Here's the latest city-wise update on 22-carat and 24-carat gold rates as of February 10th.
Gold Rates in Chennai
Gold Rates In Bangalore
Gold Rates in Hyderabad
Gold Rates In Mumbai
Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.
Credit: Goodreturns
Continue with Google