Gold-Silver Rate Today
Gold and Silver Rate Today, 29 March 2022: Gold prices in India declined on Tuesday. The yellow metal lost its luster. A firmer US dollar and rising bond yields also weighed on the price. Gold futures on MCX was trading 0.53 per cent or Rs 271 down at Rs 51,300 per 10 grams. Silver futures were trading lower by 0.43 per cent or Rs 394 at Rs 67,811 per kg.
China’s net gold imports from Hong Kong fell 13.7 percent
China’s net gold imports from Hong Kong fell 13.7 per cent in February to its lowest level in nearly a year, driven by the Lunar New Year holiday and higher demand, official data showed. High bullion prices last week prompted some people in India to sell old jewelery amid sluggish physical demand for gold. While the rise in COVID-19 cases in China impacted metal purchases in the country.
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According to the Indian Bullion and Jewelers Association, IBJA, gold of the highest purity was sold at Rs 51,691 per 10 grams while silver was sold at Rs 67,592 per kg in the spot market on Monday.
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The price remained so in the global market
Spot gold was flat at $1,925.86 an ounce. US gold futures ended 0.7 per cent lower at $1,926. Spot silver rose 0.4 per cent to $24.94 an ounce and platinum rose 0.3 per cent to $986.61, while palladium rose 0.8 per cent to $2,250.97.
Gold-Silver Rate Today - /10
Gold and Silver Rate Today, 29 March 2022: Gold prices in India declined on Tuesday. The yellow metal lost its luster.