Gold & Silver Price Today LIVE: Latest 18K, 22K, 24K Gold Rates, Silver Price per Kg, MCX, City-Wise Updates
Gold rate today remains steady amid US-Iran conflict and RBI policy outlook, while silver prices rise tracking global trends and geopolitical tensions.
According to analysts Precious metals are demanded to move carefully this week, with gold and silver likely to stay range-bound but showing a slight up bias.
Ongoing tensions in the Middle East and key global economic cues are expected to drive market sentiment.
The gold rate today will be rightly connected to the developments in the US-Iran conflict. It is now entered in the sixth week. The prolonged doubt has kept investors on edge, restricting any sharp movement in prices.
At the same moment, attention will turn to the Reserve Bank of India’s financial policy choice due to the midweek. Interest rates stay quite important for gold as the metal commonly performs better in a low-rate environment where it faces less competition from yield-bearing assets.
Gold prices stayed stable in Mumbai, showing the good demand in the physical bullion market.
Gold prices in India are presently at Rs 14,913 per gram for 24-carat gold, Rs 13,670 per gram for 22K gold, and Rs 11,185 per gram for 18K gold.
On Monday, the cost of silver jumped to Rs 2,273 to Rs 2.34 lakh per kilogram in a futures deal. It tracks the global trends amid geopolitical tensions in West Asia.
On the other hand, in the Multi Commodity Exchange, the white metal for the month of May delivers about Rs 2,273 to Rs 2, 34,768 per kg.
Gaurav Garg, who is a Research Analyst, said the cost of crude oil edged down to USD 111.33 per barrel. It shows a slight drop off. The traders stay watchful amid geopolitical uncertainties. In the international markets, silver futures for the May contract gained 0.2 per cent to USD 73.06 per ounce on the Comex.
