Gold rates today News
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MCX Gold December futures touched an all-time high of Rs 1,20,769 per 10 grams.
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The ONOR initiative, aims to streamline gold markets across the country.
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Akshaya Tritiya, variously known as Akti or Akha Teej or Akshaya Trutiya is one of the most auspicious days for Hindus, considered an auspicious day for buying gold.
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At the Multi Commodity Exchange, gold contracts set for delivery in October recorded a Rs 48 increase, equivalent to 0.08 percent, reaching Rs 59,441 per 10 grams.
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In the previous trade, the yellow metal had finished at Rs 60,650 per 10 grams.
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In the overseas market, both gold and silver were trading lower at USD 1,987 per ounce and USD 25.05 per ounce, respectively.
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For the past one week before Akshaya Tritiya, gold price has been holding near Rs 60,000 per 10 gm, down from Rs 61,350 odd levels in MCX.
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Akshaya Tritiya, variously known as Akti or Akha Teej or Akshaya Trutiya, is considered to be one of the most auspicious days for Hindus.
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The precious metal had settled at Rs 60,450 per 10 gram in the previous trade.
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In the previous trade, the precious metal had settled at Rs 60,055 per 10 grams.
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In the overseas market, gold was trading higher at USD 1,975 per ounce while silver was down at USD 23.75 per ounce.
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The yellow metal had closed at Rs 59,380 per 10 grams in the previous trade.
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In the overseas markets, both gold and silver were trading higher at USD 1,975 per ounce and USD 22.84 per ounce, respectively.
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Gold prices have corrected almost 2 per cent after prices hit a fresh 52-week high of USD 2,010 per ounce on Monday as short-term traders took profit and fears of a full-blown banking meltdown eased, Gandhi said.
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Analysts, also atrributed that Fresh positions built up by participants to be one of the causes of the yellow metal's rate increase.
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The yellow metal had closed at Rs 57,380 per 10 grams in the previous trade.
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The precious metal had ended at Rs 56,900 per 10 grams in the previous trade.
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Silver also zoomed Rs 1,600 to Rs 63,820 per kg.
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The yellow metal had ended at Rs 55,705 per 10 grams in the previous trade.
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In the previous trade, the yellow metal had closed at Rs 56,471 per 10 grams.
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