Gold prices today fall, silver rates jump – Check fresh rate here

Gold prices in India dipped today after the recent surge pushed rates to over 3-month highs. On MCX, gold futures slipped 0.08% to 48,437 per 10 gram after jumping 1,100 in previous two sessions. Silver futures rose 0.9% to 73,960 per kg. In the previous session, gold had gained 800 or 1.6% while silver had surged 2300 or 3.2%. MCX Gold has support at 46,360 and resistance at 49,400, say analysts.

In the international market, Gold prices on Tuesday rose to their highest in more than three months as a weaker U.S. dollar and growing inflationary pressure lifted bullion`s appeal as an inflation hedge. Spot gold was up 0.2% at $1,868.89 per ounce by 0101 GMT, after hitting its highest since Feb. 1 in early Asian trade.  U.S. gold futures rose 0.1% to $1,869.40 per ounce, a Reuters report said.

Gold in the national capital on Monday rose by Rs 348 to Rs 47,547 per 10 gram following a strong global trend. In the previous trade, the precious metal had closed at Rs 47,199 per 10 gram.

 

Silver also zoomed Rs 936 to Rs 71,310 per kilogram from Rs 70,374 per kilogram in the previous trade.
In India, the Sovereign Gold Bond Scheme 2021-22 Series-I or first tranche of gold bonds of this fiscal has opened for subscription. The government has fixed the issue price at 4,777 per gram of gold while investors who apply online and make the payment online will get a discount of 50 per gram.
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Today’s Gold Rate in Srinagar ( 18 May 2021 )
Compare 22K & 24K Gold Rate In Srinagar (Today & Yesterday)
Today Yesterday Rate Change
Standard Gold (22 K) ( 1 gram ) ₹ 4,699 ₹ 4,669 ₹ 30 ↑
Standard Gold (22 K) ( 8 grams ) ₹ 37,592 ₹ 37,352 ₹ 240 ↑
Pure Gold (24 K) ( 1 gram ) ₹ 4,934 ₹ 4,902 ₹ 32 ↑
Pure Gold (24 K) ( 8 grams ) ₹ 39,472 ₹ 39,216 ₹ 256 ↑
Today’s Gold Rate in Jammu( 18 May 2021 )
Compare 22K & 24K Gold Rate In Jammu (Today & Yesterday)
Today Yesterday Rate Change
Standard Gold (22 K) ( 1 gram ) ₹ 4,652 ₹ 4,644 ₹ 8 ↑
Standard Gold (22 K) ( 8 grams ) ₹ 37,216 ₹ 37,152 ₹ 64 ↑
Pure Gold (24 K) ( 1 gram ) ₹ 4,878 ₹ 4,876 ₹ 2 ↑
Pure Gold (24 K) ( 8 grams ) ₹ 39,024 ₹ 39,008 ₹ 16 ↑

NOTE: Please note that Gold price rates today for both 22-carat and 24-carat mentioned in the story are indicative and excluding of the Goods and Services Tax (GST), TCS, and other levies. Gold prices at jewellery shops may differ.

(With Inputs From Agencies)

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