look news india
Gold price today: Profit booking was seen in the precious metals market today. Gold and silver markets remained subdued as the minutes released by the Federal Reserve did not predict any cut in interest rates.
In Ahmedabad today, the price of gold (999) was reduced by Rs. 1500 to Rs. 75000 per 10 grams. The price of silver was reduced by Rs. 2000 to Rs. 2000. The bid was made at Rs. 91 thousand per kg. Silver reached a record peak of Rs. 93 thousand on Tuesday. Gold reached a record high of Rs. 77000 to Rs. 2000. Gold 995 was also reduced by Rs. 1500 to Rs. 74800 per 10 grams.
Reason for fall in gold and silver
Gold fell by Rs 300 on MCX in 3 days. 2000 is broken. Profit booking in precious metals increased due to strengthening of dollar index. Commodity experts are predicting that gold and silver will remain volatile till September. The geopolitical crisis has also reduced. Which indicates improvement in the precious metals market.
Gold and silver prices fell on MCX
In precious metals futures on MCX, MCX gold June futures opened at Rs 72,681 per 10 gram at the beginning of the session, touched a high of Rs 72,681 and a low of Rs 72,111 in the intra-day, before closing at Rs 72,411, down by Rs 635. In contrast, gold-guinea May contract declined by Rs 8 per gram to Rs 597 to Rs 58,940 and gold-petal May contract declined by Rs 62 per gram to Rs 7,126. Gold-mini June futures fell by Rs 614 to Rs 72,413 per 10 gram.
In silver futures, silver opened at Rs 92,840 per kg at the start of the July session, touching a high of Rs 92,840 and a low of Rs 90,340 during the day, and was trading down by Rs 1,632 at Rs 91,381. Silver-mini June contract fell by Rs 1,610 to Rs 91,345 and silver-micro June contract fell by Rs 1,630 to Rs 91,316.