Gold rate today, April 13, 2023: Yellow metal trades in green after the US CPI data release

Gold rate today: Domestic gold prices hover near Rs 61,000 supported by a weak dollar. Here's what analyst suggest

Check out gold prices city-wise in Mumbai, Delhi and other cities, Pic- PTI

Gold rate today: Precious metals in the domestic market on Thursday (April 13) inched higher supported by a softer dollar as cooler-than-expected U.S. inflation data suggested that the US Fed might pause raising rates after a possible hike in May.

On MCX, gold futures (June 5) was up by Rs 141 or 0.23 per cent to Rs 60,769 per 10 grams. Meanwhile, Silver futures (May 5) were up by Rs 286 or 0.38 per cent at Rs 76,199.

“The COMEX gold is trading higher in Asian hour, helped by a softer dollar as cooler-than-expected U.S. inflation data suggested that the Federal Reserve might pause raising rates after a possible hike in May. The dollar index is trading near the 101 level supported for bullion. The COMEX gold is having support near $2,020 and resistance at $2,040,” said NS Ramaswamy, Head of Commodities, Ventura Securities.

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In the international market, COMEX gold traded in the green, up by 0.33 per cent to $2,031.60 per ounce.

Spot gold traded 0.09 per cent marginally higher in the international market and stood at $2016.6.

What analyst suggests?

Neha Qureshi, Senior Technical and Derivative Research Analyst, Anand Rathi Commodities and Currencies recommend buying gold June futures on dips at Rs 60,700 by keeping a stop loss at Rs 60,500 and a target of Rs 61,100.

For silver May futures she recommends buying on dips at Rs 76,000, keeping a stop loss at Rs 75,000 and a target of Rs 78,000.

Here's an indicative list of spot gold prices in some of the major Indian cities:

City-wise gold price (22k) in India (April 13, 2023)

City	Gold prices for 22k
Chennai	Rs 56,810
Mumbai	Rs 56,210
Delhi	Rs 56,360
Kolkata	Rs 56,210
Bangalore	Rs 56,260
Hyderabad	Rs 56,210
Kerala	Rs 56,210
Pune	Rs 56,210
Vadodara	Rs 56,260
Ahmedabad	Rs 56,260
Jaipur	Rs 56,360
Lucknow	Rs 56,360
Coimbatore	Rs 56,810
Madurai	Rs 56,810
Vijayawada	Rs 56,210
Patna	Rs 56,260
Nagpur	Rs 56,210
Chandigarh	Rs 56,360
Surat	Rs 56,260
Bhubaneswar	Rs 56,210
Mangalore	Rs 56,260
Visakhapatnam	Rs 56,210
Nashik	Rs 56,240

(Disclaimer: These are indicative prices collected from trusted sources. Investors are recommended to check prices with their jeweller before investing/purchasing.)

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