Gold, Silver Rates Today News Updates: Gold, Silver Rates Today News Updates: Gold value opened increased in the important thing spot markets whereas silver charges slipped on Monday, May 30, 2022.
The opening value for 999 purity gold was Rs 51,295 per 10 grams, up Rs 91 from Friday’s closing value of Rs 51,204, whereas that of 999 purity silver was Rs 62,462 per kg, down Rs 76 from Rs 62,538, the info out there on India Bullion and Jewellers Association’s (IBJA) web site confirmed.
Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
51,295
51,204
995
51,090
50,999
916
46,986
46,903
750
38,471
38,403
585
30,008
29,954
Silver
999
62,462
62,538
Source: India Bullion and Jewellers Association (IBJA)
On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 51,041.00 per 10 grams, up Rs 128.00 (0.25 per cent) at 12:58 pm whereas the silver contract for July supply was at Rs 62,380.00, up Rs 264.00 (0.43 per cent).
In the worldwide market, gold costs rose on Monday because the US greenback weakened, however current features are unlikely to stave off one other month-to-month fall for greenback-priced bullion, information company Reuters reported.
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Spot gold was up 0.4 per cent at $1,860.77 per ounce, as of 0451 GMT. US gold futures additionally climbed 0.4 per cent to $1,865.00, the report stated.
Commenting on the gold market, Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart stated, “On COMEX, gold prices recovered from lower levels in the previous session holding the support level of $1,845 where it may test its resistance level of $1,870 supported by the slight cool off in the dollar index. On MCX, Gold opened on a flat note where sideways to upside is expected, having resistance at Rs 51,300 with the support at Rs 50,700. Silver has resistance at Rs 63,000 and having support at Rs 62,000.”
