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Gold Rate Today: Gold prices in India slip on dollar strength. Check price of yellow metal in Delhi, Ahmedabad and other cities
Gold Rate Today: Gold prices in India slip on dollar strength. Check price of yellow metal in Delhi, Ahmedabad and other cities
Gold prices fell by 0.29% on the Multi Commodity Exchange of India due to the strengthening of the dollar index, which went above the 104 mark. The increase in the value of the greenback was primarily caused by strong US payroll data that may have put the rate pause at the backburner. The upcoming release of decent ISM non-manufacturing data is expected to cause gold to test support at $1,930, with resistance at $1,965 to $1,990. The price of physical gold in Delhi and Ahmedabad is currently about Rs 61,000 per 10 grams.
Gold prices fell by 0.29% on the Multi Commodity Exchange of India due to the strengthening of the dollar index, which went above the 104 mark. The increase in the value of the greenback was primarily caused by strong US payroll data that may have put the rate pause at the backburner. The upcoming release of decent ISM non-manufacturing data is expected to cause gold to test support at $1,930, with resistance at $1,965 to $1,990. The price of physical gold in Delhi and Ahmedabad is currently about Rs 61,000 per 10 grams.
Gold prices fell by 0.29% on the Multi Commodity Exchange of India due to the strengthening of the dollar index, which went above the 104 mark. The increase in the value of the greenback was primarily caused by strong US payroll data that may have put the rate pause at the backburner. The upcoming release of decent ISM non-manufacturing data is expected to cause gold to test support at $1,930, with resistance at $1,965 to $1,990. The price of physical gold in Delhi and Ahmedabad is currently about Rs 61,000 per 10 grams. 
