The 24-carat variant of the yellow metal was trading at Rs 47,702/10 gm, up Rs 190/10 gm from previous day’s price of Rs 47,512/10 gm
Silver may drop below Rs 61,000/kg very soon, gold will continue hold Rs 47,000 level, feel experts
Gold Rate Weekly Forecast: Last week, the price of 24 carat gold went up on a single occasion on Thursday, August 12
Gold prices are near steady and silver dropped sharply to nearly four-month low levels in midday US trading on July 28
"Gold prices traded near a five-month high scaled last week, supported by a softer dollar"
In the international market, gold was trading with gains at $1,908 per ounce and silver was flat at $28.07 per ounce
The recent World Silver Survey also pointed out that "Silver should gain from the 'best of both worlds' narrative
In the international market, gold was trading with gains at USD 1,820 per ounce and silver was flat at $27.33 per ounce
"Gold prices witnessed selling on stronger dollar," said Tapan Patel, HDFC Securities, Senior Analyst (Commodities).
On MCX, gold futures fell 0.4% to a 10-month low of Rs 44,768 per 10 gram, while silver slid 0.8% to Rs 67,473 per kg