Gold Silver Rate Today(22 July): Gold surges Rs 705/10 gms, silver rallies Rs 1,178/kg

Gold Rate Today, Silver Rate Today: Gold and silver costs opened sharply increased in the important thing spot markets of the nation on Friday, July 22, 2022.

The opening value for 999 purity gold was Rs 50,677 per 10 grams, surging Rs 705 from the earlier shut of Rs 49,972, whereas the opening value for 999 purity silver was Rs 55,085 per kg, up Rs 1,178 from Rs 53,907, knowledge accessible on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
50,677
49,972

995
50,474
49,772

916
46,420
45,774

750
38,008
37,479

585
29,646
29,234
Silver
999
55,085
53,907
Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India (MCX), the gold contract for August supply was buying and selling at Rs 50,443.00 per 10 grams, up Rs 68.00 (0.13 per cent) at 12:38 PM, whereas the silver contract for September supply was buying and selling at Rs 55,442.00 per kg, up Rs 31,00 (0.06 per cent).

IIFL Securities of their technical report on gold commerce stated that the costs for gold are anticipated to “trade sideways up as the fast stochastic has
generated a crossover buy signal in oversold territory.”

The brokerage pegs help at Rs 49,800, whereas resistance at Rs 50,850.

In the worldwide market, spot gold was down 0.2 per cent at $1,715.10 per ounce, as of 0545 GMT. Prices dropped to their lowest stage in additional than a yr at $1,680.25 on Thursday earlier than ending up 1.3 per cent. US gold futures had been flat at $1,713.40 per ounce, Reuters knowledge confirmed.