The U.S Fed's dovish stance expressed during its Wednesday's US Fed's minutes release has given gold its shimmer. Gold extended its rally and regained ₹58,000 per 10 gm mark on Multi Commodity Exchange.
While the MCX gold price opened on the higher end at ₹58,045 per 10 gm levels and hit a intraday high of ₹58,075 levels within few minutes of commodity market's opening bell. With this Gold prices neared firmed near a more-than-one-week high as the dollar weakened.
However, the yellow metal met an intraday low of ₹58,001 per 10 gm by end of near 20 minutes of trade due to profit booking trigger.
Meanwhile, the average price of 1 gram of 22K Gold in India stood at ₹5,400 while the 24K gold prices stood at ₹5,891.
The rate of 10 grams of 24K gold in Chennai stood at ₹59,070, which was followed by Delhi and Lucknow where the gold costs ₹59,060.
The average price of 10gm of Silver was at ₹726 and 1 kg of silver stood at ₹72,600.
However, in Chennai, Hyderabad and Kerala the metal was sold at ₹75,500, followed by Mumbai and Delhi where the metal was sold at ₹72,600
Delhi - ₹59,060
Chennai - ₹59,070
Mumbai - ₹58,910
Kolkata - ₹58,910
Bengaluru - ₹58,910
Delhi - ₹72,600
Chennai - ₹75,500
Mumbai - ₹72,600
Kolkata - ₹72,600
Bengaluru - ₹71,000
Meanwhile, gold price is oscillating around $1,873 per ounce levels in the international market.