- Domestic spot gold closed at ₹ 4,506 per 10 grams on Tuesday
- Gold futures were last trading lower by 0.15 per cent at ₹ 46,904
- Silver futures were last up 0.06 per cent at Rs 67,694
Gold Price In India: Domestic gold futures witnessed volatile trading marginally lower on Wednesday, April 14. On Multi Commodity Exchange (MCX) gold futures, due for a June 4 delivery, were last seen trading lower by Rs 71 – or 0.15 per cent – at Rs 46,904, having swung between Rs 46,836 and Rs 46,908 during the session so far, compared to their previous close of Rs 46,975. Silver futures for a May 5 delivery were last up 0.06 per cent at Rs 67,694. (Also Read: Is Silver The New Gold?)
Domestic spot gold closed at Rs 4,506 per 10 grams on Tuesday, and silver at Rs 63,064 per kilogram – both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).
— IBJA (@IBJA1919) April 13, 2021
”LBMA Gold Spot trading above $1740 levels. Gold prices moved higher on Tuesday, rebounding as the dollar moved lower and yields dropped. The decline in the 10-year yield came despite a larger than the expected headline and core CPI report announced on Tuesday by the Department of Labor,” said Kshitij Purohit, Product Manager, Currency & Commodities, CapitalVia Global Research Limited.
”Treasury yields appear to be topping out which could lead to a rally in the yellow metal. Downside support is $1720 levels, Resistance is at $1760 levels. MCX Gold June trading with positive momentum in evening session, Downside support for the metal is 46300. Resistance for the metal is 47100,” he added.