Bullion has fallen more than 13% so far this month, putting it on track for its steepest decline since October 2008, weighed down by strong dollar and fading expectations of a US rate cut this year
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,35,910
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,35,740
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,32,490
Gold April futures on the MCX traded higher by 3.78 per cent at ₹1,44,370 per 10 gm, while silver May futures gained 5.54 per cent to ₹2,36,338 per kg
Broader market sentiment was also fragile on Monday as the war in West Asia entered its fourth week with no clear resolution in sight
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,790
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,36,540
Safe haven demand for gold during escalating geopolitical tensions due to the raging Iran war has not been strong enough to overcome the dollar strength and rate pressure
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,37,740
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,46,340
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,48,860
At 10:48 AM, among others, DSP Silver ETF and Axis Silver ETF up 4 per cent each
At 9:23 AM, DSP Silver ETF climbed 0.32 per cent, UTI Silver ETF gained 0.27 per cent, and Groww Silver ETF rose 0.16 per cent
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,49,290
In an extreme conflict scenario, Brent could feasibly spike above $100/bbl, as the market accounts for the loss of Iranian supply and the increased costs of rerouting global flows
Dips towards the key support at $84 are likely to be well supported as geopolitical concerns continue to linger, said Praveen Singh, head currencies and commodities at Mirae Asset
In the current scenario, gold may continue to range trade with traders seeking more geopolitical clues before committing themselves, said Praveen Singh, head currencies and commodities at Mirae Asset
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,47,590
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,45,990