Multi commodity exchange has recorded the changes in the gold and silver prices today. Gold with the dip of Rs 85 or 0.170020per cent, gold futures, maturing on October 05, 2022 stand at Rs 50,505 per 10 grams on the MCX
Meanwhile, the silver the rates recorded a high on the MCX on Monday. The silver futures, maturing on December 05 2022, increased by Rs 202 or 0.37 per cent on MCX. Reaching Rs 55,140 per kg on the domestic market.
Manoj Kumar Jain, Head-community and currency research at Prithvi Finmart, said that at MCX, gold is having support at Rs 50,340 to 50,150 and resistance at Rs 50,680 to Rs 50,850. “We suggest buying gold on dips around Rs, 50,350 with a stoploss of Rs 50,150 for the target of Rs 50,800 and silver around Rs 54,700 with a stoploss of Rs 54,100 and the target of 5600, he said.
Gold and silver prices
|City||Gold (per 10 grams, 22 carats)||Silver (per Kg)|
|Mumbai||Rs 46,850||Rs 55,200|
|New Delhi||Rs 47,100||Rs 55,200|
|Bangalore||Rs 46,750||Rs 60,500|
|Chennai||Rs 47,250||Rs 60,500|