Gold Silver Rate Today(1 August): Gold and silver costs at this time, test right here

Gold Rate Today, Silver Rate Today: Prices of gold opened marginally decrease in the important thing spot markets whereas silver roseon Monday, August 1, 2022.

The opening worth for 999 purity gold was Rs 51,405 per 10 grams, down Rs 61 from Friday’s closing worth of Rs 51,466, whereas that of 999 purity silver was Rs 57,912 per kg, up Rs 359 from Rs 57,553, the information accessible on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening worth (Rs)
Previous shut (Rs)
Gold
999
51,405
51,466

995
51,199
51,260

916
47,087
47,143

750
38,554
38,600

585
30,072
30,108
Silver
999
57,912
57,553
Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India (MCX), the gold contract for October supply was buying and selling at Rs 51,409 per 10 grams, down Rs 217.00 (0.42 per cent) at 1:33 pm whereas the silver contract for September supply was at Rs 58,107.00, down Rs 263.00 (0.45 per cent).

In the worldwide market, spot gold held its floor at $1,764.29 per ounce, as of 0650 GMT, after hitting its highest since July 6 at $1,767.79 on Friday. US gold futures dipped 0.2 per cent to $1,779 per ounce, in response to Reuters knowledge.

Geojit Financial Services in its technical report famous “while prices stay above Rs 51,200 expect recovery moves. Further selloffs are seen only a break of Rs 50,400.”