Gold rates today (March 28): Yellow metal futures hover around Rs 58,700 — check out today’s spot gold prices in Delhi, Mumbai, and other cities

Gold silver rates (March 28, 2023): The yellow metal futures on Tuesday, March 28, traded in green, last seen trading up Rs 188 or 0.3 per cent on MCX at Rs 58,714 per 10 grams. Earlier in the day, the near-term gold futures contract moved within a range between Rs 58,632 and Rs 58,742. 

"MCX Gold and Silver charts are trading at overbought zone, any time a good profit booking can be seen, momentum indicator RSI is also indicating the same," said Amit Khare, AVP-Research Commodities, Ganganagar Commodity.

MCX silver futures (May 5) were up by Rs 134 or 0.19 per cent at Rs 70,060 per kilogram.

The rupee was flat at 82.19 against the US dollar. 

In the international market, spot gold was up 0.17 per cent at $ 1,959.6 per ounce and spot silver was up 0.14 per cent at $ 23.17 per ounce.

What analysts recommend on gold & silver

Ajay Kedia, Director, Kedia Commodities has advised selling Gold April contract at Rs 58,800, for a target of Rs 59,200 keeping the stop loss at Rs 58,400

Tradebulls Securities has recommended selling Silver May contract at Rs 70,250, for a target of Rs 69,600 and stop loss of Rs 70,600

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

City-wise gold price (22k) in India (March 28, 2023) 

(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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