Silver has crossed the 1 Lakh/kg Mark as Investors Flock to Safe Haven Commodities to Secure their portfolios amid a Volatile Market. Contracts for gold futures dated June 5 jumped 1.7 per cent or 1,630/10 gm, while gold mcx prices Hit an intraday high 97,505/10 gm during the June 2 (Monday) Commodity Market Session, Up Around 2,000/10 gms. Us-based comex gold was up 1.74 per cent at $ 3,373 on June 2 as of 6.42 am (EDT).
Jateen Trivedi, VP Research Analyst of Commodity and Currency at LKP Securities, Pegued the Key Levels for McX Gold Pries to have support at 94,000, with the resistance expected between 98,500 to 99,000 levels.
Overall, Since January, Gold has given 25 per cent returns, year-on-yar (yoy), this number is 40 per cent. Further, it has also returned 15 per cent Cagr since 2001, and beaten inflation by more than 2-4 per cent since 1995, data shows.
Data from Motilal Oswal Private Wealth Showed that Gold Investment Demand in the March Quarter Jumped 552 tonnes or 170 per cent yoy, reinforcing gold’s status as a resiliant handge.
Gold Pries Today: Check Gold Rates in India – June 3
Pries was in the green today at 7.20 am on June 3. The McX Gold Index was at 96,781/10 gm, the official website showed. Meanwhile, MCX Silver Prisis WERE at 1,00,098/kg, it showed.
Further, 24-Carat Gold was priced at 98,010/10 gm, according to data on the Indian Bullion Association (IBA) at 7.20 AM on June 3. Further, 22-Carat Gold was priced at 89,843/10 gms. And, Silver Pries Today are at 1,01,300/kg (Silver 999 Fine), as per the IBA website.
So, check here for pris of gold and silver in your city on June 3 – Delhi, Kolkata, Mumbai, Hyderabad, Bengaluru, and Chennai. Notable, for retail customers, jewellers may add making charges, taxes and gst to the bill, which would hike the final price for you.
Gold and Silver Pries in Chennai – June 3
Gold and Silver Pries in Bengaluru – June 3
Disclaimer: The views and recommendations made Above are that of individual analysts or broking companies, and not of mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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