Gold Price in India: Domestic gold futures witnessed a volatile session on Wednesday, March 10, as gold prices rose marginally by Rs 112 to Rs 44,286 per 10 gram in the national capital, tracking depreciation of the rupee. In the previous trade session, the yellow metal had closed at Rs 44,174 per 10 gram. Silver also gained Rs 126 to Rs 66,236 per kg, compared to Rs 66,110 per kg in the previous trade, according to HDFC Securities. Multi Commodity Exchange (MCX) gold futures, due for an April 5 delivery, was last seen trading 0.15 per cent lower at Rs 44,790, having swung between Rs 44,630 and Rs 44,944 during the session compared to their previous close of Rs 44,857. Silver futures were trading lower by 0.17 per cent at Rs 67,367.
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Domestic spot gold closed at Rs 44,680 per 10 grams on Wednesday, and silver at Rs 66,370 per kilogram – both rates excluding GST, according to Mumbai-based industry body India Bullion and Jewellers Association (IBJA).
In the international market, gold was trading marginally lower at $ 1,711 per ounce and silver was flat at $ 25.78 per ounce.
“Gold prices traded marginally down at COMEX (New York-based commodities exchange). The rally in equity indices and firm dollar may limit upside in precious metals for the day,” said Tapan Patel, Senior Analyst, HDFC Securities.