Gold price today- If you want to buy cheap gold then right now you have a great opportunity. There is a continuous decline in the prices of gold. Even today, the prices of gold have declined in the Indian markets.
New Delhi. Gold has become cheaper today on Wednesday. Before the decision of the Fed rate, gold prices fell in the Indian markets today. On the Multi Commodity Exchange, the futures price of gold (Gold price on MCX) is trading slightly at ₹ 46,633 per 10 grams. At the same time, silver futures for September (Silver price today) are trading up 0.71 percent at Rs 60,870 per kg. In the previous session, gold had gained 0.7 per cent and silver by 1.2 per cent. Last year gold was at a record high of Rs 56,000, so gold is getting Rs 10,000 cheaper than the record level.
In global markets, gold rates were flat today before the US Fed policy decision. Uncertainties arising out of China Evergrande’s debt crisis also supported gold at lower levels. Spot gold is at $ 1,775.63 an ounce.
Know the rate of your city
According to the Good Returns website, gold (24 carat) is being sold in India on Wednesday at Rs 46,330 per 10 grams. Silver is selling at Rs 59,800 per kg, down by Rs 200 from yesterday’s trading price. In New Delhi and Mumbai, 22 carat gold is being sold at Rs 45,650 and Rs 45,330 per 10 grams respectively. According to the website, the yellow metal is selling at Rs 43,740 in Chennai. In Delhi, 10 grams of 24-carat gold is being sold for Rs 49,800 and in Mumbai for Rs 46,330. Gold is being sold in Chennai this morning at Rs 47,720. The price for Kolkata is Rs 48,250.
Right time to invest
According to experts, gold can remain between 46800-47055 on MCX. On the other hand, silver is likely to remain seed at the level of 61000-61400. Experts are suggesting to buy silver near 59,900 with stop loss of 59400 for target of 61200. At the same time, according to market experts, this is the right time to invest in gold.
Find out gold rate by giving a missed call
Let us tell you that you can easily find out these rates sitting at home. For this, you just have to give a missed call to this number 8955664433 and a message will come on your phone, in which you can check the latest rates.
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