New Delhi: Gold Price Today Rises Above Rs 47,000-mark. Silver Drops on Tuesday. On the Multi-Commodity Exchange (MCX), gold futures climbed 0.19 per cent at Rs 47,165 for 10 grams at 1030 hours IST on June 22. Silver continued to slump even on Tuesday.
July silver futures were down by 0.06 per cent lower at Rs 67,724 a kilogram. In the international market, gold prices edged higher on Tuesday, as a pullback in the dollar lifted demand for the safe-haven metal. Spot gold was up 0.1% at $1,784.83 per ounce, as of 0054 GMT.
US gold futures gained 0.1% at $1,783.90 per ounce, according to Reuters. Silver eased 0.2% to $25.88 per ounce. “International spot gold and silver prices have started flat this Tuesday morning in Asian trade ahead of Fed Chairman Powell testimony tonight. Technically, LBMA Gold Spot supports are at $1770 and $1758. Resistances are at $1791 and $1800.
“Domestic gold and silver prices could start flat on Tuesday morning, tracking overseas prices. On the domestic front, MCX Gold August supports are at Rs 46,753 and Rs 46,432. Resistances are at Rs 47,275 and Rs 47,476. MCX Silver July holds a support near Rs 66,942 and Rs 66,122. Resistances are at Rs 68,268 and Rs 68,774,” he added.
Comments are closed.