Gold price today: Yellow metal near 49000, silver below 55000 | SELL call - check price target

Gold and Silver Rate Today: At 11:30 am, Gold October Futures on Multi Commodity Exchange (MCX) were trading 0.14 per cent down at Rs 49,380 per 10 grams. Likewise, the Silver December futures were trading in red at Rs 54,750 per kg.

Pic: Reuters

Gold and Silver Rate Today: Gold showed dullness and remained under the pressure on Tuesday, September 27. There is no movement in the precious metal as it was still trading under the psychologically important level of Rs 50000. Silver too showed weakness as it declined 0.45% to trade below Rs 55000 on the MCX.

At 11:30 am, Gold October Futures on Multi Commodity Exchange (MCX) were trading 0.14 per cent down at Rs 49,380 per 10 grams.

Likewise, the Silver December futures were trading in red at Rs 54,750 per kg. The metal was down by 1.14 per cent.

TRENDING NOW

Notably, commodities are still under pressure due to the strength in the US dollar index. A slight rebound was seen yesterday but couldn't sustain. As the strengthening of the American currency and risk-averse sentiment among investors weighed on the local unit, the rupee depreciated 40 paise to an all-time low of 81.93 against the US dollar in early trade on Wednesday.

Gold October Futures SELL by IIFL Securities
Sell - Rs 49,300
Price target - Rs 49,000
Stop loss - Rs 49,600

On the domestic equity market front, the 30-share BSE Sensex was trading 373.37 points or 0.65 per cent lower at 56,734.15, while the broader NSE Nifty fell 108.20 points or 0.64 per cent to 16,899.20, as per PTI report.

Gold rates city-wise today, September 28, for 22 Carat:

Chennai : Rs 46,250

Mumbai : Rs 45,800

Delhi : Rs 45,950

Kolkata : Rs 45,800

Bangalore : Rs 45,860

Hyderabad : Rs 45,800

Kerala : Rs 45,800

Ahmedabad : Rs 45,850

Lucknow : Rs 45,950

Patna : Rs 45,830

Chandigarh : Rs 45,950

Bhubaneswar : Rs 45,800

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

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