Gold Price Today: The price of gold is struggling at a low level for a week, know the new rates

Today’s gold and silver price continues.

Gold Rate on 20 June 2022 Updates: Gold futures on MCX is struggling below Rs 51,000 per 10 grams while silver futures is trading above Rs 61,000 per kg.

Gold Sliver Price in India: Gold prices today in Indian market (Gold Silver Price) has accelerated. It is near a week’s low. August futures on Multi Commodity Exchange (MCX) gold price ,24 Carat Gold) is up 0.06 percent. While silver has increased by 0.24 per cent per kg. In the previous session, gold had lost 0.3 per cent, while silver had lost 1.1%. Gold increased losses in the global market today as the strengthening of the US dollar has affected the bullion demand. In dollar terms, spot gold was down 0.2 per cent at $1,836.67 an ounce, near its highest level in nearly two decades. A stronger dollar makes greenback-priced bullion less attractive to foreign buyers.

Gold has seen some buying at lower levels amid concerns of geopolitical uncertainty, but prospects of aggressive monetary policy by the US Fed continue to put pressure on bullion rates at higher levels.

Monday in business Multi Commodity Exchange (MCX) But the August futures gold price rose by Rs 32 or 0.06 per cent to Rs 50,866 per 10 grams. While July futures silver prices rose by Rs 148 or 0.24 per cent to Rs 61,085 per kg.

Date city 22 karat gold (per 10 grams) 24 karat gold (per 10 grams)
20 June 2022 Delhi Rs 47,780 Rs 52,110
Kolkata Rs 47,780 Rs 52,110
Mumbai Rs 47,750 Rs 52,080
Chennai Rs 47,850 Rs 52,190
Bangalore Rs 47,780 Rs 52,110
Hyderabad Rs 47,750 Rs 52,080
Kerala Rs 47,750 Rs 52,080
Ahmedabad Rs 47,760 Rs 52,130

Source: Goods Return

Opportunity to buy cheap gold from today

The first series of Sovereign Gold Bonds for the financial year 2022-23 has been launched from today. There will be an opportunity to invest in this till June 25. After June, the next installment of SGB will come in the month of August between 22-26th. The issue price for investors has been kept at Rs 5091 per gram. Under this scheme, at least 1 gram of gold has to be purchased.

Rs.50 off on online purchase

If you shop online, you will get a separate discount of Rs 50 and the price will be Rs 5041 per gram. Investors get an interest of 2.5 per cent on the bond amount. Along with this, the investor also gets the benefit of the increase in gold prices. The bond is offered for 8 years. However, there is an option to withdraw the investment after 5 years.

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An investor can buy gold bonds up to Rs 4 lakh. There is no tax on capital gains on selling it after 8 years. Long term capital gains tax of 20 per cent is levied if the bonds are sold between 5-8 years. However, indexation benefits are available. Short term capital gains tax is levied if sold before 3 years.

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