24ct Gold Price Today in Delhi: Know price of 24 carat Gold; traders buy yellow metal, silver futures at these levels

24ct Gold Price Today in Delhi: Price of 24 carat Gold in Delhi’s physical markets is around Rs 48,300 per 10 gram while that of Silver is around Rs 69,000 per kg Expert Anuj Gupta at IIFL Securities said. Gold prices in Noida are similar to those in Delhi, Gupta said. in Kolkata 24 carat gold is available around Rs 48,850 per 10 gram

Anuj Gupta's strategy is to buy October Gold Futures at Rs 47,900. He puts the stop loss at Rs 47,700 and the target price at Rs 48,400. Source: Reuters

24ct Gold Price Today in Delhi: The price of 24 carat Gold in Delhi’s physical markets is around Rs 48,300 per 10 gram while that of Silver is around Rs 69,000 per kg Expert Anuj Gupta, who is Vice President (VP), Commodity and Currency Research at IIFL Securities said. Gold prices in Noida are similar to those in Delhi, Gupta said.

Meanwhile, in Kolkata 24 carat gold is available around Rs 48,850 per 10 gram as per a PTI report. The hallmarked 22 carat gold is available at Rs 47,050 per 10 grams. While, the 22 Carat non-hallmarked gold is available around Rs 46,350 per 10 grams.

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As for silver price in Kolkata, it was around Rs 68,400 per kg.

MCX Gold and Silver futures were trading with a slight negative bias on Monday after ending previous week on a high. The October Gold Futures were trading cheaper by Rs 51 at 11:20 am while the September Silver Futures were trading down by Rs 123. Expert Anuj Gupta, who is Vice President (VP), Commodity and Currency Research at IIFL Securities said that the trend is expected to remain positive in the near term and recommended buying in bullion.

The strength in Gold is on the back of weakness in the US Dollar, Gupta said. The weakness in USD is amid the commentary by US Fed Chair Jerome Powell on interest rates and maintaining the dovish stance. The domestic prices will take cues from the international market.

Gupta said that international Gold prices have received their targets of USD 1820. They are now set to test levels of USD 1830. The current prices are at USD 1808, he said. There is a resistance around this level and once it is breached, the upside will open till USD 1860.

As for Silver, the immediate target price id USD 26 and this is also a resistance level. Once this level is breached, there will be an upside open till USD 28, the technical analyst further said.

On MCX, the October Gold Futures were trading at Rs 47,950 per 10 gram which was cheaper by Rs 51 or 0.11 per cent. His strategy is to buy at Rs 47,900. He puts the stop loss at Rs 47,700 and the target price at Rs 48,400.

Meanwhile, MCX September Silver Futures were trading at Rs 67,970 per kg on Monday around this time, down by Rs 123 or 0.18 per cent from the last closing price on Friday. He recommended Buying at Rs 67,500. He puts the stop loss at Rs 67,000 while the target price at Rs 68,500.

As for prices in Dubai, 24k Gold was trading at AED 219.25 (4,442.60 Indian Rupee) per gram while 22k was trading at AED 206.75 (4,172.72 Indian Rupee). This information has been sourced from Dubai Gold & Jewellery Group (DGJG) website. The website claims DGJG to be the largest trade body for Dubai’s jewellery industry (DGJG).

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