Gold Silver Today (26 July): Gold slips Rs 89/10 gms, silver declines Rs 621/kg

Gold Silver Rate: Gold and silver costs opened decrease within the main spot markets of the nation on Tuesday, July 26, 2022.

The opening value for 999 purity gold was Rs 50,822 per 10 grams, down Rs 89 from Monday’s closing value of Rs 50,911, whereas the opening value for 999 purity silver was Rs 54,106 per kg, down Rs 621 from Rs 54,727, knowledge obtainable on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
50,822
50,911

995
50,619
50,707

916
46,553
46,634

750
38,117
38,183

585
29,731
29,783
Silver
999
54,106
54,727
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  50,685.00 per 10 grams, up Rs 149.00 (0.29 per cent) at 12:55 PM, whereas the silver contract for September supply was buying and selling at Rs 54,780.00 per kg, up Rs 373.00 (0.69 per cent).

IIFL Securities of their technical report on gold commerce mentioned that the costs for gold are anticipated to commerce sideways down because it didn’t surpass 55-day EMA and confronted promoting strain from the identical space.

The every day RSI additionally remained under 50-mark, the report added. The brokerage pegs assist at Rs 50,300, whereas resistance is seen at Rs 50,700.

In the worldwide market, spot gold was up 0.2 per cent at $1,721.29 per ounce, as of 0500 GMT. US gold futures gained 0.1 per cent to $1,720.30 per ounce, as per Reuters knowledge.