Gold Price Today: Gold Holds Steady, Crucial Support at 47,500

Gold Price Today: India Gold MCX August Futures trades higher on Tuesday following positive trend in the international spot prices as the dollar weakened slightly ahead of the US inflation data. Spot gold rose marginally to $1,807.22 per ounce.

Gold Price Today

The dollar index was down about 0.1%. A weaker dollar makes gold less expensive for other currency holders, said a Reuters report. On the Multi-Commodity Exchange (MCX), August gold contracts were trading 0.16 percent higher at Rs 47,850 for 10 grams at 0930 hours.

September silver futures were trading 0.22 percent higher at Rs 69,531 a kilogram. Gold and silver showed extreme volatility on Monday and settled on a mixed note in the international markets.

Gold August futures contract settled at $1805.90 per troy ounce and silver September futures contract settled at $26.24 per troy ounce. Both the precious metals settled on a mixed note in the domestic market.

Gold Price Today
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