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The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 74,340
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 81,280
Silver trading strategy: Support is at $30 (Rs 90,200)/$29.60 (Rs 89,000). Resistance is at $31.10 (Rs 93,400)/$31.50 (Rs 94,600)/$31.85 (Rs 95,600)
Silver rate today: The metal may recover should the US CPI data turn out to be subdued, though upside is likely to be capped
The government has also revised the electronics import value for this period downward by $2.7 billion to $61.2 billion
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 72,140
Food and Consumer Affairs Minister Pralhad Joshi on Monday said the Bureau of Indian Standards (BIS) should consider implementing mandatory hallmarking for silver and silver artifacts following consumer demands. "There is a demand from consumers for hallmarking of silver. You (BIS) can deliberate and take a call," Joshi said at the 78th BIS Foundation Day event. The government currently mandates hallmarking only for gold jewellery and artifacts, aimed at protecting consumer interests and ensuring product authenticity. The existing hallmarking system includes a unique six-digit alphanumeric code (HUID), which certifies gold purity. The potential extension to silver hallmarking would mark a significant expansion of India's precious metals quality control measures.
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 78,700
Silver trading strategy: Stable US yields may help Silver test the resistance around $30.20 in ultra-short term, though buying the dips is advisable over chasing the rally
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 78,010
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 77,740
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 77,460
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 70,990
The price of 22-carat gold also jumped Rs 10, with ten grams of the yellow metal selling at Rs 71,000
Silver price today: The metal may briefly dip to $29.65 level (Rs 88,500) in the near-term, though downside may also be limited as China's stimulus hopes will support the metal
The price of 22-carat gold also stumbled Rs 10, with ten grams of the yellow metal selling at Rs 72,290
Silver price today: Lack of China's specific details is bearish for Silver
Price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 79,460
The price of 22-carat gold also jumped Rs 10, with ten grams of the yellow metal selling at Rs 72,860