Fresh board rates for 24K to 14K, plus what they mean for your bill and your plan.
Gold prices stay firm this festive season as demand and global cues keep the yellow metal elevated.
Gold rate today: Yellow metal's October contracts on the MCX opened at Rs 1,07,456 per 10 grams today.
Gold rate today: Gold's October contracts on the MCX opened at Rs 1,06,676 per 10 grams today.
The uptrend in gold is expected to extend into the coming week, with immediate resistance seen at Rs 1,05,100 per 10 gram and subsequent resistance at Rs 1,06,860 per 10 gram.
Gold rate today: Yellow metal's August contracts on MCX opened at Rs 98,106 per 10 grams today.
Gold price may continue its positive trend in the coming week, but may encounter initial resistance at Rs 97,600, which bulls may break and sustain above, allowing prices to approach all-time highs. On the other side, initial support is at Rs 94,000, followed by Rs 92,800.
Gold's June contracts on the Multi Commodity Exchange of India (MCX) traded at Rs 91,229 per 10 gram on April 2.
Commodity markets are now focused on the upcoming US jobs report, particularly given Powell’s emphasis that future rate decisions will remain data-dependent.
Crude oil prices are likely to remain under pressure next week, with a trading range between Rs 5,600 and Rs 6,100 per barrel.
Gold price is likely to maintain its upward trend, although it may face an early resistance at Rs 78,700 per 10 gram, followed by Rs 79,775 (all-time high).