On MCX, gold futures were at ₹46,543 per 10 grams while silver futures were at ₹60,530 per kg. In the previous session, the prices of gold had declined slightly, while silver had gained 1.5%.
Gold Price Today: Gold and silver prices have declined in the Indian markets today. On MCX, gold futures were at ₹46,543 per 10 grams while silver futures were at ₹60,530 per kg. In the previous session, the prices of gold had declined slightly, while silver had gained 1.5%. In global markets, gold was trading marginally lower at $1,759 an ounce as the dollar stabilized after two sessions of losses.
Gold traders will keep an eye on US jobs data at the end of the week amid fears of slowing economic growth. Domestic brokerage Geojit said if the support of $ 1760 remains intact, then recovery is expected to accelerate.
Watching
Evergrande Crisis China’s Evergrande crisis has again come into the limelight after China suspended trading of Evergrande Group shares in Hong Kong. Investors are also keeping an eye on the troubled Evergrande crisis.
The dollar index is slipping from 94.05 and the US 10-year yield is also coming down to 1.5 percent. This is being seen as an increasing risk on returns in the equity market. But the news coming from China is more negative. “China is trying to limit the damage to its real estate sector without saving Evergrande,” says VK Vijayakumar, chief investment strategist at Geojit Financial Services.
Kotak Securities said, “Gold prices will bounce back sharply and retest the level of $1750 per ounce. However, there is no chance of any major bounce as the US dollar is still in a strong position.
Gold prices have been volatile this year after hitting a record high of Rs 56,200 in August last year.
How to know the purity of
gold Hall marks are given by ISO (Indian Standard Organization) to identify the purity of gold. 999 on 24 carat gold, 958 on 23 carat, 916 on 22 carat, 875 on 21 carat and 750 on 18 carat. Most of the gold is sold in 22 carats, while some people also use 18 carats. Carat is not more than 24, and the higher the carat, the more pure the gold is called.
