Gold and Silver price today (September 25, 2023): Precious metals trade in red; Gold near Rs 59,000; Silver over Rs 73,200
Gold and Silver price today (September 25, 2023): MCX gold futures (Oct 5) were flat at Rs 58,900 per 10 grams. Check out 24k gold price in Mumbai, Delhi and other cities.
Gold and Silver price today (September 25, 2023): Yellow metal futures traded flat on Monday, while white metal traded lower.
Last seen, MCX gold futures (Oct 5) were flat at Rs 58,900 per 10 grams at the last count, having traded between Rs 58,884 and Rs 58,919 earlier in the day. Silver futures (Dec 5) were down 0.15 per cent or Rs 108 at Rs 73,229 per kg.
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"Gold prices are expected to look ahead for more cues from US as personal spending indicators and final GDP numbers for last quarter could again keep sharp upside limited for the week. Overall trading range for the week (CMP $ 1923) to remain around $ 1908 – 1935 in Spot markets," said Neha Qureshi, Senior Technical & Derivative Research Analyst, Anand Rathi Commodities & Currencies.
Qureshi recommends buying Gold October futures on dips at 58,900, keeping the stop loss at Rs 58,600 and a target price of Rs 59,300. For Silver December futures she recommends buy on dips at Rs 73,100, with a stop loss of Rs 72,100 and a target of Rs 75,100.
In the international market, COMEX gold was down 0.15 per cent at $1,942.6 per ounce.
"US bonds can come under renewed pressure this week as some $134 billion front-end loaded treasury coupon supply is lined up. Yields edging higher will put the metal under pressure. Support is at $1915/$1900. Resistance is at $1932/$1950," said Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas.
Here's an indicative list of spot gold prices in some of the major Indian cities:
City-wise gold price (24k) in India (September 25, 2023)
|City||Gold prices for 24k (10 grams)|
(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before acting on the information.)