Gold Price Today: Today on MCX, gold was trading at Rs 71,765 per 10 grams, showing a gain of around Rs 211. Yesterday it closed at 71,554. Silver was trading at Rs 88,523 per kg, up by Rs 641.
Gold Price Today: The commodity market seems to be returning to bullishness. Despite the weakness in the international market yesterday, the Indian futures market is seeing a bullish environment today. Gold has become more expensive by Rs 200 today and silver by more than Rs 600. Today on MCX, gold was trading at Rs 71,765 per 10 grams, showing a gain of around Rs 211. Yesterday it closed at 71,554. Silver was trading at Rs 88,523 per kg, up by Rs 641. Silver closed at 87,882 on Tuesday.
Gold fell in the international market
Gold prices in the international market are trading in a limited range, which has kept the market worried, as the market is taking cues from US economic data along with ambiguity about expectations of interest rate cuts. US spot gold fell 0.21% to $2,326 an ounce amid strength in bond yields. At the same time, US gold futures fell 0.2% to $2,335 an ounce.
Gold and silver became cheaper in bullion market
The effect of the fall in international markets was visible in the bullion market. Gold and silver prices fell in the bullion market of the national capital on Tuesday in view of the bearish trend in international markets amid uncertainty over interest rate cuts by the US Federal Reserve. In the futures trading of Multi Commodity Exchange (MCX), the price of gold contract for August delivery was trading at Rs 71,532 per 10 grams, down by Rs 122 or 0.17 per cent. During the day’s trading, the precious metal reached a low of Rs 71,432 per 10 grams.
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