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 46,506 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).
#Gold and #Silver Closing #Rates for 13/04/2021#IBJA pic.twitter.com/BRb8znmStD
''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.
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