Gold Price Today: Gold at a three-month low, price fell below Rs 50,000, check new rates

The pressure on gold prices will continue.

Image Credit source:

Gold Rate on 16 May 2022 Updates: There is a good opportunity to invest in gold. The rate of gold has come down to 50,000 in the futures market.

Gold Sliver Price in India:Gold is struggling in the Indian markets on Monday (16 May 2022) due to signals from the global market. Gold futures on the Multi Commodity Exchange (MCX) are trading with a slight increase from the low of about 3 months. June futures gold on MCX (24 Carat Gold) has gained 0.20 percent, while July futures silver prices have registered a gain of 0.40 percent. Global markets after falling to a three-month low in the previous session gold price ,Gold Silver Price Today) Today is flat. Weakness in US Treasury yields and volatility in the dollar fueled demand for zero-yield bullion.

On May 16, 2022, spot gold rose 0.10 per cent to $1,182.15 an ounce. However, spot silver fell 0.1 per cent to $21.06 an ounce. On the other hand, Platinum remained unchanged at $ 938.46 and Pladinum rose 0.3 percent to $1,949.88.

Multi Commodity Exchange (MCX) But the June futures gold price rose by Rs 101 to Rs 49,974 per 10 grams. While July futures silver prices rose by Rs 233 to Rs 59,565 per kg.

Date city 22 karat gold (per 10 grams) 24 karat gold (per 10 grams)
16 May 2022 Delhi Rs 46,250 Rs 50,450
Kolkata Rs 46,250 Rs 50,450
Mumbai Rs 46,250 Rs 50,450
Chennai Rs 47,440 Rs 51,740
Bangalore Rs 46,250 Rs 50,450
Hyderabad Rs 46,250 Rs 50,450
Kerala Rs 46,250 Rs 50,450
Ahmedabad Rs 46,310 Rs 50,500

Source: Goods Return

read this also

The news is being updated.