gold price today, Gold Price Outlook, Gold Price Forecast: Gold prices in India were trading weak on Thursday as the yellow metal fell globally after the release of US inflation data. Gold August futures at Multi Commodity Exchange or Rs 129 0.25 with a decrease in percentage 50,673 Was running at Rs per 10 grams. Silver futures for September were trading lower by Rs 257, or 0.45 per cent, at Rs 56,870 per kg. gold price in india gold price down news gold rate today gold rate 22k gold rate 22k chart
Globally, gold prices slipped as Treasury yields and the dollar rose, hurt by fears of a bullion outlook the Federal Reserve could go for a more aggressive interest rate hike this month, according to data in June. US inflation was skyrocketing in the U.S., according to Reuters. Spot gold down 0.4% 1,728.39 dollar per ounce. and US gold futures fell 0.5% 1,726.60 came to the dollar.COMEX Gold prices were trading higher on Thursday with the spot trading near $1732 an ounce in the morning trade. MCX Gold August futures opened marginally lower near Rs. 50710 per 10 grams. The yellow metal saw a recovery after the US inflation data, despite strengthening of the dollar. The US CPI rose to 9.10% in June on an annual basis from 8.6% in May.
The higher inflation numbers prompted some buying in gold amid recession fears and the market discounted a higher rate hike from the FED at the next FOMC meeting. We expect gold prices to trade sideways for the day, with COMEX Spot Gold taking support at $1720 and resistance at $1745 per ounce. MCX Gold August support is at Rs. 50500 and the resistance at Rs. 51100 per 10 grams.
Bhavik Patel, Commodity and Currency Analyst, Tradebulls Securities
US CPI number goGold saw a volatile trading session during the recovery, rallying higher-than-expected 9.1%, not seen since November 81. The price declined and declined from $1728 to $1708 before covering losses and making an intraday high of $1743. The probability of a rate hike of 75 bps is 92.4% according to CME’s Fedwatch tool. Gold will remain under pressure but the good thing is that the market has already rallied by 75 bps so there is no additional incentive for gold to break $1700 at this point. We can see gold trading in the range of $1725-$1750 for this week.
Pritam Patnaik, Head – Commodities, HNI and NRI Acquisitions, Axis Securities
Gold prices witnessed extreme volatility yesterday owing to US inflation print at 9.1%, highest in last 40 years. Gold price saw extreme volatility as it declined to a low of $1704 and recovered to a high above $1740. CPI’s figure 8.8% With the US coming in much higher than market estimates, it is now almost certain that the Fed may raise interest rates by 75 basis points or 100 basis points at its next meeting. This apparently shook the broader markets and caused gold prices to rise. There was a decline, but a combination of traditional inflation hedge options and strong support levels prompted gold traders to buy lower levels, which helped the price recover to $1740-42 before finally settling down. $1730 level. In future, volatility is expected to continue, but one should buy on downside.
How is the hallmark gold rate determined in India today?
Now, the first important thing is that there is no difference between normal gold rate and hallmarked gold rate. There is no extra charge for giving you the hallmarked gold rate. This is the same rate at which normal gold is sold. The only difference is that when you buy normal gold your purity is assured. hallmark gold rate vs normal gold rate
- There is no difference in gold prices
- You are assured of the purity through hallmarking.
- You have to take the precious metal to the essay centers.
- There are not many essay centers available in the market.
- Some have advocated a stringent quality practice that has to be set up at testing centres.
- There is still some way to reach towns and small towns.
- Attention should be paid to the rapid expansion of essay centers so that small jewelers can make the best use of it.
One thing we have to point out is that hallmarked gold rates in India today do not differ in their pricing. What matters is the quality of the precious metal. In any case what we advocate when you are buying is to buy very high quality items. If there is no charge and difference between the two, it is better to stick to quality hallmarked products. Investors have expressed their opinion on the poor number of hallmarking centers in the country and this needs to be addressed by the Government of India at the earliest. There is an urgent need to start more hallmarking centers, hence quality Sleep delivered to all the consumers in the country.
Gold Rate Today in Madhya Pradesh
Madhya Pradesh It is a northern state of India which is said to be very rich in culture and it also boasts of Nalanda, one of the oldest but famous universities of India. The state is very well established in terms of language and artistry and is said to be comprised of a population that has very simple tastes and a humble lifestyle, but when it comes to jewelry, gold is their daily favorite. An auspicious part of life. A woman of the state is often seen wearing some sort of gold ornament, even if it is in the form of a nose ring. However, rates in Madhya Pradesh, similar to other states in the country, are based on prices around the region and gold rates from other parts of the country. Here, you will read about the general trend and rates of gold in the state.June
How to trade gold in India?
Sleep Is a major commodity that is being traded in three commodity exchanges- National Multi Commodity Exchange of India, Multi Commodity Exchange of India and National Commodity & Derivatives Exchange through which you can carry out trading activities. Being a separate entity, the exchanges are regulated by the Forward Markets Commission. Anyone who wants to invest in commodities can start with an investment corpus of as little as Rs. 5,000 However, for similar trades of shares on NCDEX a demat account from Securities Depository Limited is mandatory.Gold Price Down,Gold Price Down,Gold Price Down,Gold Price Down,Gold Price Down,Gold Price Down,gold price down news,gold price down news,gold price down news,gold price down news,gold price down news,gold rate today ,gold rate today ,gold rate today gold rate today,gold rate 22k ,gold rate 22k ,gold rate 22k,gold rate 22k,gold rate 22k chart,gold rate 22k chart,gold rate 22k chart,gold rate 22k chart
Gold rate trend in Madhya Pradesh from January 2022 to March 2022 (per gram of 24K gold)
|first day||Rs.4,895 per gram||Rs.4,837 Rs. per gram||Rs.5,016 per gram|
|last day||Rs.4,837 per gram Rs.||Rs.5,047 per gram||Rs.5,074 per gram|
|highest price||Highest price of Rs 5,326 per gram on 18 and 19 April||Gram Rs 5,184 per gram on May 1||Rs 5,180 per gram on June 13|
|lowest prices||Minimum price of Rs 5,089 per gram on 4 April||4,933 per gram on May 18||Rs 5,001 per gram on June 30|
Quarterly Gold Rate in Madhya Pradesh from January 2022 to March 2022
- Gold rate in Madhya Pradesh opened at Rs 4,895 per gram in the month of January. During the month, the price fluctuated and settled at Rs 4,837 per gram by the end of the month. Overall, the performance of gold in Madhya Pradesh was one of downtrend with a percentage change of -1.18% in the month of January.
- In the month of February, gold opened at Rs 4,837 per gram in Madhya Pradesh. On February 24, gold touched the highest price point of Rs 5,095 per gram and closed the month at Rs 5,047 per gram. The performance of gold showed an upward trend with a percentage change of 4.34%.
- In Madhya Pradesh, the price of gold opened at Rs 5,016 per gram in the month of March. The precious metal ended the month at Rs 5,074 per gram. Overall performance of the yellow metal in Madhya Pradesh In A decline of 1.16% was observed.
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Posted BY: Aryan yadav
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FAQs About Gold Rate
✔️Can fixed deposit interest rates affect the gold price in Madhya Pradesh?
ANS: Yes, any change in fixed deposit interest rates can affect the gold prices in Madhya Pradesh.
✔️Will the gold price in Madhya Pradesh be the same as in other cities of India?
ANS: No, Gold prices in Madhya Pradesh will be different from other cities in India due to local taxes.
✔️Is there any difference between 22 carat gold and 24 carat gold?
Ans: Yes, 22 carat gold contains metals other than gold, whereas 24 carat gold does not contain any other metals.
✔️Which country has the cheapest gold price?
Ans: Gold prices are the cheapest in Hong Kong.