Gold and Silver Rates Today: No recovery in Yellow metal, price below Rs 50,000 – Check rates in your city on September 19

Gold and Silver Rate Today: A tremendous action is being seen in the prices of gold and silver for the last few days. The yellow metal price remained under Rs 50,000 per 10 grams on Monday.

On the MCX, the yellow metal today, September 19, started trading below Rs 50,000. Gold October futures were trading in red at 0.27 per cent low at Rs 49,246 per 10 grams.

Opposite to this, the Silver December futures were trading in green at Rs 56,854 per kg. The metal was up by 0.24 per cent at 10:150 am.

The international price of the precious yellow metal is also at a two-and-half year low.

The rupee appreciated 14 paise to 79.64 against the US dollar in early trade on Monday in line with its Asian peers and as the American currency retreated from its elevated levels, as per PTI report.

The rupee opened slightly stronger as Asian equities are flat or higher, dollar index is at 109.80, US Treasury yields at 3.45 per cent and Asian currencies slightly more robust than Friday closing, said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.

“The range for the day is expected to be 79.50 to 80 with a close watch on RBI as they try to maintain the 80 level,” Bhansali added.

Gold rates city-wise today, September 19, for 22 Carat:

Chennai : Rs 46,320

Mumbai : Rs 45,850

Delhi : Rs 46,000

Kolkata : Rs 45,850

Bangalore : Rs 45,900

Hyderabad : Rs 45,850

Kerala : Rs 45,850

Ahmedabad : Rs 45,900

Lucknow : Rs 46,000

Patna : Rs 45,880

Chandigarh : Rs 46,000

Bhubaneswar : Rs 45,850

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweler before investing/purchasing.)

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