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Business Upturn
20 hours ago
- Business
- Business Upturn
Gold prices today on June 3: Check rates in Delhi, Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad
By Aditya Bhagchandani Published on June 3, 2025, 10:09 IST Gold prices surged across major Indian cities on June 3 amid rising global uncertainty. Investors turned to gold and silver as safe haven assets, driven by Donald Trump's tariff standoff with China and the EU, ongoing Russia-Ukraine tensions, and anticipation around the US Federal Reserve's rate decision. On June 2, gold futures for June 5 delivery jumped 1.7% (₹1,630), pushing MCX gold to an intraday high of ₹97,505/10 gm. COMEX gold was also up 1.74% at $3,373. Meanwhile, silver crossed the ₹1 lakh/kg mark. At 7:20 AM on June 3, 24-carat gold was priced at ₹98,010/10 gm and 22-carat gold at ₹89,843/10 gm, as per the Indian Bullion Association. Silver (999 Fine) was trading at ₹1,01,300/kg. Here are the latest city-wise bullion and MCX rates for gold and silver: Mumbai Gold Bullion : ₹97,830/10 gm Silver Bullion : ₹1,01,120/kg MCX Gold : ₹96,781/10 gm MCX Silver: ₹1,00,098/kg Delhi Gold Bullion : ₹97,660/10 gm Silver Bullion : ₹1,00,940/kg MCX Gold : ₹96,781/10 gm MCX Silver: ₹1,00,098/kg Kolkata Gold Bullion : ₹97,700/10 gm Silver Bullion : ₹1,00,980/kg MCX Gold : ₹96,781/10 gm MCX Silver: ₹1,00,098/kg Chennai Gold Bullion : ₹98,110/10 gm Silver Bullion : ₹1,01,410/kg MCX Gold : ₹96,781/10 gm MCX Silver: ₹1,00,098/kg Bengaluru Gold Bullion : ₹97,910/10 gm Silver Bullion : ₹1,01,200/kg MCX Gold : ₹96,781/10 gm MCX Silver: ₹1,00,098/kg Hyderabad Gold Bullion : ₹97,980/10 gm Silver Bullion : ₹1,01,280/kg MCX Gold : ₹96,781/10 gm MCX Silver: ₹1,00,098/kg Note: Retail prices may vary due to taxes, making charges, and GST. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
22-05-2025
- Business
- Time of India
Gold & silver price prediction today: What's the gold rate outlook for May 22, 2025 & is it headed for Rs 98,000 - should you buy or sell?
Gold price prediction: What is the outlook for gold and silver today and for the next few days? (AI image) Gold and silver price prediction: MCX Gold and MCX Silver have been volatile in the last few days with geopolitical events and Donald Trump's tariff related developments weighing on investor sentiment. While gold is traditionally a safe haven asset, it has fallen from its peak in the last few sessions. What is the outlook for gold and silver today and for the next few days? What are the target levels investors should look at? Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group shares his views: MCX Gold Outlook MCX Gold has shown a bullish breakout from the lower end of its support zone, indicating a shift in sentiment and the potential for upward momentum. This breakout suggests that the recent downside pressure has likely been absorbed, and the bulls are regaining control. The key resistance is placed at the 95,700 level, and a decisive move above this mark will likely trigger further upside, pushing prices toward the 98,000 level in the near term. On the daily chart, the Relative Strength Index (RSI) has reversed direction from the neutral 50 level and is now trending upward toward the overbought zone. This shift in RSI reflects strengthening momentum and supports the bullish outlook for prices. From a technical standpoint, the trend appears constructive, and as long as prices sustain above the support zone of 94,100, the bias remains positive. The formation of higher lows, along with improving momentum indicators, reinforces the possibility of continued gains. In conclusion, MCX Gold is well-positioned for further upside. With support at 94,100 and resistance at 95,700 expected to be breached, the next potential target lies at 98,000. Traders may consider a bullish stance as long as the price holds above key support levels. CMP: Rs 95,500Target: Rs 98,000SL: Rs 94,100 MCX Silver Outlook The daily chart analysis indicates that MCX Silver prices have successfully broken above the consolidation range of 97,500–94,000, signalling a bullish breakout and opening positive potential. With this breakout, there is a possibility for silver prices to extend their upward movement and test the previous swing high at the 1,02,000 level. The Relative Strength Index (RSI), which was previously hovering around the neutral zone (50), has begun to rise, suggesting increasing bullish momentum. The RSI is on its way toward the overbought zone (70), indicating that there is sufficient room for further price appreciation in the near term. Based on Fibonacci analysis, the 61.8% projection from the range of 86,260 to 98,800, coupled with the support zone at 93,700, suggests a potential target for silver prices around the 101,800 level. Given the current market conditions, we are optimistic about Silver's short-term prospects. Prices are expected to move towards 101,800 with stop loss at the 95,600 level. At the current market price (CMP) of 97,750, the outlook remains positive, and a rally could materialize as the price continues its upward momentum post-consolidation. CMP: Rs 97,750Target 10,18,00SL: Rs 95,600 Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
15-05-2025
- Business
- Time of India
Gold & silver price prediction today: What's the gold rate outlook for May 15, 2025 & why is the Rs 92,000 level critical - should you buy or sell?
Should you buy or sell gold, and what are the gold and silver price levels you should watch out for? (AI image) Gold and silver price prediction : Gold prices have dipped sharply in the last few days while silver price s are showing strength. Even as some geopolitical tensions around the world weigh, there are signs of the dollar gaining favour. In such a scenario, what is the outlook for gold and silver prices? Should you buy or sell gold, and what are the gold and silver price levels you should watch out for? Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group shares his views: MCX Gold Gold prices witnessed a sharp 5% decline last week, bringing the precious metal down to a critical support level near ₹92,000. This level holds significant technical importance, and as long as it remains unbroken, there is a potential for a rebound. If the support holds, a retracement is likely, targeting at least the 50% Fibonacci level of the recent fall from ₹97,500 to ₹92,400. This places the retracement target around ₹95,000 followed by 61.8% retracement which comes to ₹95,500. Such a move would be considered a technical pullback, potentially offering short-term buying opportunities. However, the situation remains fragile. A decisive break below ₹92,000 could negate the possibility of recovery and open the door to further downside momentum. In that case, increased selling pressure could drive gold prices lower, possibly testing the ₹90,000 mark in the coming sessions. Traders should closely monitor price action around this support zone, as it will likely dictate the short-term trend. While fundamentals such as inflation concerns or geopolitical tensions can influence gold, technical levels like these often act as key decision points for market participants. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cost Of Amusement Park Equipment From Mexico Might Surprise You - See Tips Amusement Park Equipment | search ads Click Here Undo Overall, ₹92,000 is a make-or-break level for gold, and the market's behaviour around this point will be crucial in determining its next move. CMP: Rs 93,400 Target 1: Rs 95,000 Target 2: Rs 95,500 Stop Loss: Rs 92,000 MCX Silver Silver prices have been exhibiting a positive formation in recent weeks, indicating underlying strength in the trend. However, during the last week, the metal entered a consolidation phase, trading within a narrow range with key resistance at ₹97,500 and support at ₹95,300. This range-bound movement reflects a temporary pause in momentum as the market awaits a breakout in either direction. A decisive move above the ₹97,500 resistance level could trigger a fresh wave of buying interest, paving the way for a rally towards the psychologically significant ₹1,00,000 mark. Sustained strength beyond that could further extend gains toward ₹1,05,000 in the near term, reinforcing the bullish outlook. On the other hand, if silver fails to break above resistance and instead slips below the ₹95,300 support level, it may attract renewed selling pressure. In such a scenario, prices could decline sharply and potentially revisit the ₹92,000 zone, where buyers might look to re-enter. Therefore, the current price band between ₹95,300 and ₹97,500 acts as a critical decision-making zone. Traders should remain alert and wait for a clear breakout or breakdown before initiating fresh positions. The direction of the next significant move in silver will largely depend on how prices behave around these levels. CMP: Rs 96,700 Target 1: Rs 1,00,000 Target 2: Rs 1,05,000 Stop Loss: Rs 95,300 Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
08-05-2025
- Business
- Time of India
Gold & silver price prediction today: What's the gold rate outlook for May 8, 2025
MCX Gold has been exhibiting a strong bullish trend. (AI image) Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group shares his views: MCX Gold: MCX Gold has been exhibiting a strong bullish trend, marked by a series of higher highs and higher lows, indicating sustained buying interest and positive momentum. After rallying to an all-time high near ₹99,700, the price witnessed a healthy correction of about 8%, pulling back to ₹92,000 levels. This dip provided a consolidation phase and acted as a base for the next leg of the uptrend. Since then, prices have recovered steadily and resumed their primary upward trajectory. Currently trading at ₹97,200, MCX Gold appears to be well-positioned to retest the previous high of ₹99,700 in the coming sessions. The overall trend structure remains intact, supported by global uncertainties, firm central bank demand for gold, and a softer dollar outlook. Investors and traders may consider entering long positions at current levels, with a near-term target of ₹99,700. A strict stop loss should be maintained at ₹96,000 to manage downside risk, especially in case of unexpected volatility. Given the strong technical setup and favorable macro backdrop, gold is likely to maintain its bullish bias in the near term. Dips can be viewed as buying opportunities within this broader uptrend. Risk management remains key as always. CMP: Rs 97,200 Target: Rs 99,700 Stoploss: Rs 96,000 MCX Silver MCX Silver has shown strong resilience after bouncing from the 38.2% Fibonacci retracement level, a key technical support that often signals the continuation of a prevailing trend. This retracement provided a healthy pullback within the broader bullish structure, allowing the market to consolidate before resuming upward momentum. The recent price action suggests growing bullish sentiment, with silver now inching closer to its previous swing high. The technical setup indicates that silver is likely to retest and potentially surpass its prior peak, supported by renewed buying interest. One should watch for a breakout above the previous swing high of 98,800 which could trigger additional upside and accelerate momentum towards 10,00,00. The immediate outlook remains positive, and any minor dips from current levels may offer fresh buying opportunities. CMP: 96,380 Target:1,00,000 Stop-loss: 93,700 (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India) Gold and silver price prediction : Gold and silver prices have been touching new highs as geopolitical uncertainties weigh on investors' minds around the world. What's the outlook on gold and silver and what should investors do?
Mint
29-04-2025
- Business
- Mint
Gold prices in your city, April 29: Check prices in Delhi, Mumbai, Bengaluru, Chennai, Kolkata, and Hyderabad today
Gold prices in your city today, April 29: Hopes for thawing trade relations between the United States and China have lowered gold prices from record highs last week, data showed. Besides this, a stronger US Dollar rate has also steadied the yellow metal around the ₹ 95,000-96,000 per 10 grams levels — down from record highs, where gold retail prices in India crossed ₹ 1 lakh (including GST) the previous week. For investors, a secure portfolio means gold remains the safe haven asset of choice. Experts warn to remain vigilant over fluctuations as while US President Donald Trump claimed to have spoken to Chinese President Xi Jinping he said significant tariff cuts would not come without compromises, and China has denied 'active' negotiations. For Indian investors, April 30 is the auspicious day of Akshaya Tritiya (or Akha Teej). Hindus believe The belief that Akshaya Tritiya brings success and good luck, and many choose to buy gold to welcome wealth and prosperity in their lives. It is also believed that if bought on this day, the gold will only appreciate in value and never diminish. Gold MCX prices at 6.20 am on April 29, stood at ₹ 96,060/10 gm, up ₹ 1,068/10 gms, as per data on the official website; and MCX Silver prices up by ₹ 146/kg, to ₹ 96,587/kg, it showed. Further, 24-carat gold was priced at ₹ 96,320/10 gm, according to data on the Indian Bullion Association (IBA) at 6.20 am am on April 29. Further, 22-carat gold was priced at ₹ 88,293/10 gms. And, Silver, meanwhile, was priced at ₹ 97,090/kg (Silver 999 Fine) at 6.20 am on April 29, as per the IBA website. So, what is the prices of gold and silver in your city? Check here for details on how much the shiny metals cost in your city of Bengaluru, Chennai, Delhi, Hyderabad, Kolkata, and Mumbai on April 29. Gold bullion rates in New Delhi — ₹ 94,260/10 gm. MCX Gold rate in New Delhi — ₹ 95,221/10 gm. Silver bullion rate in New Delhi — ₹ 94,960/kg. MCX Silver 999 rate in New Delhi — ₹ 96,524/kg. Gold bullion rates in Mumbai — ₹ 94,430/10 gm. MCX Gold rate in Mumbai — ₹ 95,221/10 gm. Silver bullion rate in Mumbai — ₹ 95,120/kg. MCX Silver 999 rate in Mumbai — ₹ 96,524/kg. Gold bullion rates in Chennai — ₹ 94,750/10 gm. MCX Gold rate in Chennai — ₹ 95,221/10 gm. Silver bullion rate in Chennai — ₹ 95,460/kg. MCX Silver 999 rate in Chennai — ₹ 96,524/kg. Gold bullion rates in Bengaluru — ₹ 94,500/10 gm. MCX Gold rate in Bengaluru — ₹ 95,221/10 gm. Silver bullion rate in Bengaluru — ₹ 95,200/kg. MCX Silver 999 rate in Bengaluru — ₹ 96,524/kg. Gold bullion rates in Kolkata — ₹ 94,350/10 gm. MCX Gold rate in Kolkata — ₹ 95,221/10 gm. Silver bullion rate in Kolkata — ₹ 95,060/kg. MCX Silver 999 rate in Kolkata — ₹ 96,524/kg. Gold bullion rates in Hyderabad — ₹ 94,620/10 gm. MCX Gold rate in Hyderabad — ₹ 95,221/10 gm. Silver bullion rate in Hyderabad — ₹ 95,330/kg. MCX Silver 999 rate in Hyderabad — ₹ 96,524/kg. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 29 Apr 2025, 06:52 AM IST
