Gold, Silver prices today, March 16: Precious metals dip on MCX - Check rates in Delhi, Mumbai and other cities
Gold, Silver Prices Today: Gold Futures contract for April quoted at Rs 57,933 per 10 gm, down by 0.57 per cent.
![Gold, Silver prices today, March 16: Precious metals dip on MCX - Check rates in Delhi, Mumbai and other cities Gold, Silver prices today, March 16: Precious metals dip on MCX - Check rates in Delhi, Mumbai and other cities](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2023/03/16/232253-gold-price-3.jpg?itok=usEzq9eC&c=9d91abc4150fe6afe4b239ee31c14c63)
Gold, Silver Prices Today: Gold and Silver prices on Thursday traded lower on the Multi Commodity Exchange (MCX) as the US dollar index, which measures the US currency against six rivals, strengthened. Gold Futures contract for April quoted at Rs 57,933 per 10 gm, down by 0.57 per cent. Likewise, Silver contract for May quoted at Rs 66,735 per kg, down by 0.84 per cent.
Amit Khare, AVP- Research Commodities, Ganganagar Commodity, said that bullion charts are now trading at the overbought zone. "Good profit booking is expected soon. Momentum Indicator RSI is also indicating the same,” he said.
In the international market, Gold quoted a $1,916.70 per ounce while Silver at $21.82 per ounce.
Trade call by IIFL Securities
Gold April Contract
Buy- Rs 57,800
Stop Loss- Rs 57,450
Target- Rs 58,300
Silver May Contract
Buy- Rs 66,500
Stop Loss- Rs 66,750
Target- Rs 67,500
Meanwhile, the rupee was trading at 82.685 against the US dollar. The international oil benchmark Brent crude futures stood at $74.21 per barrel up by 0.71 per cent.
Also Read: Explained: What is insurance underwriting and how it works?
Gold Price City-wise In India as of March 16, 2023, for 22k
Chennai - Rs 54,250
Mumbai - Rs 53,550
Delhi - Rs 53,700
Kolkata - Rs 53,550
Bangalore - Rs 53,600
Hyderabad - Rs 53,550
Kerala - Rs 53,550
Pune - Rs 53,550
Vadodara - Rs 53,600
Ahmedabad - Rs 53,600
Jaipur - Rs 53,700
Lucknow - Rs 53,700
Coimbatore - Rs 54,250
Madurai - Rs 54,250
Vijayawada - Rs 53,550
Patna - Rs 53,600
Nagpur - Rs 53,550
Chandigarh - Rs 53,700
Surat - Rs 53,600
Bhubaneswar - Rs 53,550
Mangalore - Rs 53,600
Visakhapatnam - Rs 53,550
Nashik - Rs 53,580
(Disclaimer: These are indicative prices collected from trusted sources. Investors are recommended to check prices with their jeweller before investing/purchasing.)
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