Gold Price In India 2022 ( 17th March 2022 )

Gold Price In India 2022 ( 17th March 2022 )

Gold Price Today Drops Below Rs 51,500; Over Rs 4,000 Down in a Week. Time to Invest?

Gold Price Today, Match 17, 2022: On MCX, gold cost future dropped 0.29 percent to Rs 51,414 at 0918 hours on March 17. Know what financial backers ought to do

Gold cost in India kept on falling on Wednesday. On the Multi-Commodity trade, the yellow metal future dropped 0.29 percent to Rs 51,414 at 0918 hours on March 17. 

Following the worldwide prompts, the silver cost likewise tumbled on Wednesday. The valuable metal cost plunged 0.55 percent to Rs 67,947 for a kilogram on March 17.

In the global market, gold cost stayed level on Wednesday. Financial backers were mindful in front of the US Federal Reserve meeting booked on Tuesday.

 Experts expected an expansion in financing costs from the Federal Reserve to contain the rising expansion. 

Spot gold cost was at $1,920.71 per ounce by 0053 GMT, subsequent to contacting its least since March 1 at $1,906 in the last meeting. US gold fates plunged 0.3 percent to $1,923.90.

For financial backers, Dr Ravi Singh, VP and head of exploration, ShareIndia said,

 "Gold costs are in benefit booking zone as US depository yield facilitates in front of what is generally anticipated to be the Fed's first rate climb in quite a while to attempt to tame taking off expansion that gives no indications of easing back. The expectations for additional Russia Ukraine talks has likewise hosed the place of refuge offer. 

Purchase Zone Above - Rs 51,700 for the objective of Rs 52,200. Sell Zone Below - Rs 51,500 for the objective of Rs 51,000.

Talks among Russia and Ukraine, examining a truce and a withdrawal of Russian soldiers from Ukraine are progressing, one of Ukraine's mediators said. 

Any desires for progress in harmony talks among Russia and Ukraine combined with the probability of a US loan fee climb gouged interest for the place of refuge resource. 

The possibility of the first US rate climb in quite a while lifted US 10-year depository respects multi-month highs and pulled costs lower. Furthermore, the recuperation of the dollar likewise burdened bullion, said investigator.

Gold Price Future

"Global gold spot and COMEX fates have begun blended this Wednesday morning in Asian exchange as financial backers avoided making enormous wagers in front of a generally expected loan cost climb choice from the Federal Reserve to contain flooding expansion.

 Actually, assuming COMEX Gold April exchanges beneath $1931.57 level it could proceed with its negative energy up to the help zone at $1906.23-$1882.77.

 An exchange above could push costs to the obstruction zone at $1955.03-$1980.37. Homegrown gold costs could begin level this early Wednesday morning, following a quelled beginning in the abroad costs.

 In fact, assuming MCX Gold April exchanges under 51620 it could proceed with its negative energy up to the help zone at Rs 51,165-50,760.

 An exchange above could push costs to the obstruction zone at Rs 52,025-52,480," said Sriram Iyer, senior examination investigator at Reliance Securities.

Other City Gold Price In India

City 24 Carat Gold Rate

(10 grams) 22 Carat Gold Rate

(10 grams) 

Ahmedabad

₹ 51,660 ₹ 47,360

Amritsar

₹ 52,770 ₹ 48,372

Bangalore

₹ 51,600 ₹ 47,300

Bhopal

₹ 52,990 ₹ 48,574

Bhubaneswar

₹ 51,600 ₹ 47,300

Chandigarh

₹ 51,750 ₹ 37,450

Chennai

₹ 52,980 ₹ 48,565

Coimbatore

₹ 52,280 ₹ 47,920

Delhi

₹ 51,600 ₹ 47,300