Gold price in India today witnessed decline after staying steady yesterday as traders continue to look for more cues from US Federal Reserve's upcoming meeting in September and latest developments in Middle East. 22k gold price today slipped by Rs 100 to settle at Rs 66,600/10 grams and 100 grams of 22 carat yellow metal prices today fell by Rs 1000 to Rs 6,66,000 on August 20, 2024Kanpur Wealth Management. 24k gold prices today declined by Rs 120 to Rs 72,650/10 grams and 100 grams of 24 carat precious metal prices today dipped by Rs 1200 to Rs 7,26,500.
Meanwhile, 18k gold prices today dived by Rs 80 to Rs 54,490/10 grams and 100 grams of 18 carat yellow metal prices today fell by Rs 800 to Rs 5,44,900 in India on Tuesday.
Spot Gold, Spot Silver Prices Today: Spot gold slipped 0.2% at $2,501.74 per ounce as of 01:41 p.m. ET (1741 GMT), short of the record high of $2,509.65 hit on Friday. U.S. gold futures witnessed mild gain of 0.1% at $2,541.30. Silver jumped 0.8% to $29.24 per ounce. Platinum rose 0.3% to $957.57, while palladium fell 2.1% to $930.92, according to Reuters.
According to Dr. Renisha Chainani, Head Research - Augmont - Gold For All, "The Middle East crisis continues at the forefront, with US Secretary of State Antony Blinken scheduled to attend Israeli-Gaza truce negotiations. However, shifting news from the region raises doubts about the effectiveness of these discussions, highlighting gold's value as a solid investmentUdabur Stock. This week marks a key moment for gold investors as the Federal Reserve releases meeting minutes and Chairman Jerome Powell delivers a speech. These events will likely explain the Fed's stance on monetary policy, influencing the gold price prediction trendAhmedabad Wealth Management. The next resistance is psychological levels of $2550 (~Rs 73000) and $2600 (~Rs 74500)."
Silver Prices Today In India: Silver price in India today registered rally. 1kg silver prices today rallied by Rs 1100 to Rs 87,000. 100 grams silver price today in India soared by Rs 110 to Rs 8,700.
Gold prices in India today slipped by Rs 10, remained steady on August 19, stayed unchanged on August 18, witnessed sharp rally of Rs 105 on August 17, surged by Rs 10 on August 16, held steady on August 15, slipped by Rs 10 on August 14, rose by Rs 95 on August 13, surged by Rs 25 on August 12, and remained stable on August 11.
According to Reuters, "We will not be surprised to see some consolidation/pull-back in the gold market as traders may be disappointed if the Fed only indicates a likelihood of a 0.25 bp rate cut and does not hint at the possibility of a larger 0.50 bp cut," David Meger, director of alternative investments and trading at High Ridge Futures, said.Kolkata Wealth Management
Silver price in India today gained by Rs 1100, fell by Rs 100 on August 19, remained steady on August 18, recorded steep jump of Rs 2000 on August 17, rose by Rs 500 on August 16, fell by Rs 100 on August 15, surged by Rs 100 on August 14, gained sharply by Rs 1000 on August 13, declined by Rs 600 on August 12, remained steady on August 11
Gold Price Chennai: Price of 1 gram of 22 carat gold rate in Chennai today is Rs 6,660
Yellow Metal Price Mumbai: 1 gram of 22 carat gold price in Mumbai on August 20 is Rs 6,660
Precious Metal Price Delhi: 1 gram of 22 carat yellow metal price in Delhi on August 20 is Rs 6,675
Gold Price Kolkata: 1 gram of 22 carat of yellow metal price in Kolkata on August 20, 2024 is Rs 6,660
Gold Price Kerala: 1 gram of 22K gold prices in Kerala on August 20 is Rs 6,660
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