Gold and Silver rate today (May 29, 2024): Yellow metal below Rs 72,100, white metal above Rs 95,600
Gold and Silver rate today (May 29, 2024): MCX gold futures (Jun 5) were up 0.21 per cent or Rs 150 at Rs 72,330 per 10 grams at the last count. Check out 24k gold price in Mumbai, Delhi and other cities.
)
04:10 PM IST
Gold and Silver rate today (May 29, 2024): Domestic yellow metal futures slip after edging higher earlier in the day on Wednesday. Meanwhile, white metal traded in positive territory ahead of US data due this week that may influence the timing of the Federal Reserve’s much-anticipated pivot to monetary easing.
MCX gold futures (Jun 5) were down 0.12 per cent or Rs 87 at Rs 72,093 per 10 grams at the last count. Meanwhile, MCX Silver futures (Jul 5) were up Rs 177 or 0.19 per cent at Rs 95,625 per kg. Silver hit a record high at Rs 96,493 on MCX during the day.
"Gold price faced resistance at 2355-2360$ in COMEX, and MCX Gold faced selling around Rs 72,450. Amid the minor dollar rise, and upcoming PCE price index data on Friday which will hint towards inflation projections thus profit booking was seen in Gold after a positive rally from 71250 to 72450 in the last three trading sessions. Going ahead gold will take support near 71000 & resistance near 72600 till PCE price index data flashes out," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
Meanwhile, COMEX gold in the international market was down 0.49 per cent at $2,367.7.
Should you invest in gold now?
Neha Qureshi, Senior Technical & Derivative Research Analyst, Anand Rathi Commodities & Currencies recommended buying gold June futures on dips at Rs 72,200, keeping the stop loss at Rs 71,750 and a target price of Rs 72,900. For silver July futures, she recommended buying on the dips at Rs 95,500, with a stop loss of Rs 94,500 and a target of Rs 97,500.
Here's a list of indicative spot gold prices in some of the major cities in the country:
City-wise gold rate (24k) in India (May 29, 2024)
(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before acting on the information.)
Catch all the highlights of the May 29 session on Dalal Street here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
)
)
)
)
)
)
)
)
)
)
)
)
)
Gold falls Rs 3,000, Crude slips below $70; have commodity prices peaked amid global calm? Here's what expert says
Gold and Silver Prices Today, June 23, 2025: Gold softens to near Rs 99,000/10 gm, silver up at Rs 1,06,690/kg; Check latest city-wise rates
Gold prices scale new all-time high today only to retreat later: Can precious yellow-metal sustain its gains?
Gold and silver prices today (June 13): Gold scales new all-time high, breaches Rs 1 lakh mark, silver at Rs 1,06,000 per kg 
Gold and Silver Prices Today, June 12, 2025: Gold at Rs 97,981, silver nears Rs 1,06,135; Check latest city-wise rates
