Gold Price Today: Yellow metallic and silver charges fell on the MCX
Gold costs in India fell on Monday as yellow metallic futures on MCX stood at Rs 47,719 per 10 grams. Silver futures additionally slid and stood at Rs 69,196 per kg.
Meanwhile the gold spot worth at this time was at Rs 47,810 with no change over yesterday.
In the worldwide markets, yellow metallic costs have been steady and stood at $1802.8 per Troy ounce. Silver costs fell to $26.0 per Troy ounce.
Commenting on the gold worth tendencies, Ravindra Rao, Head of Commodity Research at Kotak Securities stated, “COMEX gold trades marginally lower near $1805 per ounce after a 0.6 per cent gain on Friday. Gold eased as US bond yields came off the lows amid stability in equity markets. Also weighing on price is weaker investor interest and Fed’s monetary tightening expectations. However, supporting price is rising virus concerns, US-China tensions and inflationary concerns. Gold may remain choppy amid lack of fresh cues however increasing challenges may improve safe haven appeal.”
