As of today, June 28, 2022, gold prices Silver and Gold Rates Today: 999 pure silver opened at Rs 60,488 per kg, down Rs 344 from Rs 60,832, while 999 purity gold opened at Rs 51,039 per 10 grams, down Rs 55 from Monday’s closing price of Rs 51,094. To learn the current bullion prices, continue reading.
Today’s News Update on Gold and Silver Rates: On Tuesday, June 28, 2022, prices for gold and silver started the day down on the nation’s main spot markets.
999 purity gold’s beginning price was Rs 51,039 per 10 grams, down Rs 55 from its closing price of Rs 51,094 on Monday. 999 purity silver’s opening price was Rs 60,488 per kg, down Rs 344 from Rs 60,832.
The price of the gold contract for August delivery on the Multi Commodity Exchange of India (MCX) was Rs 50,910.00 per 10 grams, up Rs 261.00 (0.52%) at 1:53 PM, while the price of the silver contract for July delivery was Rs 60,428.00 per kg, up Rs 482.00 (0.8%) at 1:54 PM.
As US Treasury yields dropped on Tuesday, gold prices in the worldwide market nudged up, but investors stayed away due to the lack of any market-moving factors.
By 0536 GMT, spot gold had increased 0.2% to $1,825.99 per ounce. According to the article, US gold futures rose 0.1% to $1,827.30.
Senior Analyst (Commodities) at HDFC Securities Tapan Patel commented on the bullion prices, saying, “Gold prices traded firm with spot gold prices at COMEX were trading 0.28% up near $1827 per ounce on Tuesday. By noon, the MCX Gold Aug future contract was trading 0.47% higher than Rs 50,889 per 10 grammes. Due to conflicting global indications, concerns about a global downturn, and predictions of a greater US FED rate hike, gold prices have maintained range-bound trading. The dollar stayed stable as the drop in gold prices was restrained by the dismal equities indexes and a potential ban on Russian gold. With COMEX spot gold support at $1,810 and resistance at $1,840 per ounce, we anticipate gold prices to move in a range of directions for the day. Support and resistance levels for MCX Gold August are Rs. 50,500 and Rs. 51,200 per 10 grams.