Precious metals traded lower on Tuesday morning even as retail prices across major cities remained firm. On the Multi Commodity Exchange (MCX), gold and silver futures opened lower as traders booked profits after the previous session’s rally.
Gold futures for April were trading at Rs 1,53,688, down Rs 1,145 (-0.74 per cent) as of 9.11 am. Silver futures for March were at Rs 2,36,204, down Rs 3,622 (-1.52 per cent) as of 9.14 am.
According to bullion market trackers, silver is expected to find support in the range of Rs 2,38,800 to Rs 2,41,000.
In international markets too, prices weakened. Spot silver fell nearly 1 per cent to $76.94 per ounce. Gold dropped by $40.10, or about 1 per cent, to $5,003.01 per ounce.
Gold Price Today In India February 17 (Per 10 Grams)
- 24K gold (999 purity): Around Rs 1,56,430 per gram
- 22K gold: Around Rs 1,43,390 per gram
