Gold and Silver Today’s price: The price of gold and silver right now (October 11, 2023): MCX gold prices stayed the same at Rs 57,660 per 10 grams. The price of 24k gold in Mumbai, Delhi, and other places can be found here.
The price of gold and silver right now (October 11, 2023): Indian yellow metal futures were not very active on Wednesday because the US Dollar index and US prices both went down.
From the start of the day, MCX gold futures traded between Rs 57,619 and Rs 57,651, but they stayed the same at Rs 57,660 per 10 grams at present. silver futures were up 0.21%, or Rs 142, to Rs 69,060 per kg.
Gold Price Today 11 Oct 2023 Different cities
|Cities||Gold prices for 24k (10 grams)|
Gold and Silver Today’s price
From the daily chart, it looks like bullion is making a bottom and there will be a good recovery to cover shorts. “Traders should buy Gold and Silver again near the support level,” said Amit Khare, Associate Vice President at Ganganagar Commodity Limited (GCL) Broking.
Khare thinks that 57500/57300 will be support for Gold December futures and 57800/58000 will be resistance. A support level for Silver December futures is seen at 68300/67400, and a resistance level is seen at 69500/70000.
COMEX gold stayed the same at $1874.2 an ounce on the global market.
“Gold is likely to stay in a narrow range until the US CPI inflation data comes out, but there isn’t much demand for safe havens right now.” US yields and the US Dollar Index are both low, which is helping. The $1850/$1830 level is a support. A senior vice president at Sharekhan by BNP Paribas named Praveen Singh said, “Resistance is at $1885.”