Gold Price Today: Despite the increase in price, the price of gold is less by Rs 5,000, check today’s rate before investing

Today’s gold and silver price

Gold Rate on 27 May 2022 Updates: Gold Rate in international markets increased by 0.2 percent to $ 1,854 an ounce. Among other precious metals, spot silver fell 0.2 per cent to $21.95 an ounce. This week it has jumped 1.5 percent.

Gold Sliver Price in India: On Friday, 27 May 2022, due to weak global cues, the prices of gold and chunky have increased in the Indian markets. June futures gold price on Multi Commodity Exchange (MCX) (24 Carat Gold) rose by 0.17 per cent per 10 grams. Silver rose more than gold. Silver futures in July rose 0.73 per cent per kg. Despite the price hike gold price ,Gold Price Today) has reduced by Rs 5,000 per 10 grams in 2 months. Due to the Ukraine crisis, the price of gold had reached a high of Rs 55,600 in March and since then it has been struggling.

Analysts say that though the US dollar and US bond yields have come down from recent highs, a rally in the global stock market is weighing on safe-haven demand for the precious metal. In the international markets, the gold rate rose 0.2 percent to $ 1,854 an ounce. Among other precious metals, spot silver fell 0.2 per cent to $21.95 an ounce. This week it has jumped 1.5 percent.

in friday tradingMulti Commodity Exchange (MCX) But June futures gold prices rose by Rs 84, or 0.17 per cent, to Rs 50,955 per 10 grams. While July futures silver prices rose by Rs 453 or 0.73 per cent to Rs 62,246 per kg.

Date city 22 karat gold (per 10 grams) 24 karat gold (per 10 grams)
27 May 2022 Delhi Rs 47,750 Rs 52,090
Kolkata Rs 47,750 Rs 52,090
Mumbai Rs 47,750 Rs 52,090
Chennai Rs 47,800 Rs 52,150
Bangalore Rs 47,750 Rs 52,090
Hyderabad Rs 47,750 Rs 52,090
Kerala Rs 47,750 Rs 52,090
Ahmedabad Rs 47,780 Rs 52,120

Source: Goods Return

Higher short term US interest rates and bond yields increase the opportunity cost of holding bullion. However, gold is seen as a safe-haven asset during financial crisis. The rally in the US market put pressure on the safe-haven precious metal.

Gold hallmarking will be applicable after 4 days

After 4 days, the new rule of buying and selling gold will be applicable in 32 districts of the country. The second phase of mandatory hallmarking of gold jewelery and artefacts will start from June 1 this year.

In the second phase of mandatory hallmarking, three additional carats of gold jewelery 20, 23 and 24 carats will come under the purview of 32 new districts. Where the Assay and Hallmark Center (AHC) has been established after the implementation of the first phase.

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The rules of gold hallmarking will be applicable only to jewellers. These will not apply to customers. Jewelers will no longer be able to sell gold jewelery without hallmarks, but a customer can still sell his old jewelery without hallmarks to the jeweler as it used to sell earlier.

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