Gold Silver Rate Today(25 July): Gold slips Rs 13/10 gms, silver crashes Rs 607/kg

Gold Rate Today, Silver Rate Today: Prices of gold and silver opened decrease in the important thing spot markets of the nation on Monday, July 25, 2022.

The 999 purity gold opened at Rs 50,803 per 10 grams, slipping marginally by Rs 13 from the earlier shut of Rs 50,816, whereas the 999 purity silver opened at Rs 54,402 per kg, dropping Rs 607 from Rs 55,009, knowledge out there on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
50,803
50,816

995
50,600
50,613

916
46,536
46,547

750
38,102
38,112

585
29,720
29,727
Silver
999
54,402
55,009
Source: India Bullion and Jewellers Association (IBJA)

The gold contract for the August supply was buying and selling at Rs 50,663.00 per 10 grams, up Rs 19.00 (0.04 per cent), on the Multi Commodity Exchange of India (MCX) at 01:03 PM, whereas the silver contract for the September supply was buying and selling at Rs 54,920.00 per kg, down Rs 211.00 (0.38 per cent).

Geojit Financial Services in its technical report on MCX gold mentioned to anticipate costs inside Rs 49,500-51,200 ranges, breaking any of the edges would counsel contemporary directional strikes, the report added.

The brokerage pegs assist at Rs 50,349 whereas resistance at Rs 51,459.

In the worldwide market, spot gold was unchanged at $1,726.09 per ounce, as of 0646 GMT, after declining 0.3 per cent in early commerce. It had hit a greater than one-week excessive on Friday. US gold futures eased 0.3 per cent to $1,722.30 per ounce, Reuters knowledge confirmed.