Gold rate today: Precious metal futures hold Rs 61,000 mark – Check out spot prices in Mumbai, Delhi, other cities

Gold and silver rates (April 5, 2023): Domestic gold prices on Wednesday remained near record levels touched the previous day amid sustained weakness in the dollar overseas, making the precious metal more attractive for holders of other currencies.

On MCX, gold futures (June 5) gained by as much as Rs 129 or 0.2 per cent to Rs 61,083 per 10 grams, coming within Rs 65 of a record high scaled in the evening session on Tuesday. 

In the international market, spot gold edged 0.1 per cent higher to $2,021.8 per ounce. 

“Poor US economic data led to weakness in the dollar index, which further supported the rally in gold and silver. The momentum in gold and silver will continue," said Manoj Kumar Jain, Director-Head-Commodity and Currency Research at Prithvi Finmart.

What analysts recommend on gold 

Jain recommends buying gold on dips around Rs 60,600 for a target of Rs 61,300 with a stop loss at Rs 60,300.   

ALSO READ: Gold rate soars to all-time high; MCX yellow metal futures cross Rs 61,000 mark for first time ever 

Here's an indicative list of spot gold prices in some of the major Indian cities:   

City-wise gold price (22k) in India (April 5, 2023) 

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