New Delhi, Gold Price Today: Gold rate fell due to decreased demand in the market, check where gold is the cheapest today.

Gold Silver Price Today Wednesday, June 21 Gold prices traded lower on MCX in early trade on Wednesday (June 21) tracking weak global cues and strengthening of the dollar ahead of Federal Reserve Chairman Jerome Powell’s testimony in the US Congress. Let us know what is the rate of gold and silver in your city. Check where gold is cheap and where it is expensive.

On Wednesday (June 21), gold prices saw a decline in early trade on MCX. The fall in gold prices is due to offloading of deals by traders. Let us know what is the rate of gold and silver in your city.

New Delhi, Business Desk. Gold Price Today: There is a constant change in the price of gold these days. Gold on Wednesday declined by Rs 48 to Rs 58,761 per 10 grams in futures trade as traders reduced the size of deals. At the Multi Commodity Exchange, gold contracts for August delivery declined by Rs 48, or 0.08 per cent, to Rs 58,761 per 10 gram in a business turnover of 13,378 lots.

Analysts attributed the fall in gold prices to off-loading of positions by traders. If the world rate is close, gold was trading at $ 1,944.20 an ounce in New York, down 0.18 percent.

Silver futures also fell
Silver futures on Wednesday declined by Rs 225 to Rs 70,162 per kg due to reducing positions by traders.

On the Multi Commodity Exchange, the silver contract for delivery in July declined by Rs 225, or 0.32 per cent, to Rs 70,162 per kg, with a business turnover of 14,044 lots.

Globally, silver was trading 0.53 per cent lower at $23.32 an ounce in New York.

What should be your strategy?
Analysts and brokerages expect gold to remain volatile ahead of Powell’s speech. Commodities expert Anubhav Mahajan at Raghav Equities expects Gold and Silver to remain volatile in today’s session.

Gold has found support at $1,926-1,916, while resistance lies at $1,948-1,960. Silver has taken support near $22.92-22.78, while resistance lies in the $23.32-23.48 level. In INR context, gold has taken support near Rs 58,640-58,480, while resistance lies near Rs 59,020-59,290.