Today’s Gold Price: Gold prices surged this morning as the US bank crisis eased. On the Multi Commodity Exchange (MCX), the April 2023 gold futures contract opened at a higher margin of 58,718 per 10 grams and reached an intraday high of 58,742 per 10 grams. Gold opened flat on the international market, but it quickly gained momentum and reached a high of $1,964 per ounce.
Silver rate has drawn in the consideration of bulls in today’s arrangements too. The May 2023 white metal contract on MCX opened higher and reached an intraday high of 70,190 per kg. Despite some selling pressure on the international market, silver remained above $23 per ounce.
“Gold has found it difficult to sustain above the crucial resistance of $2,000 per ounce and Rs 60000 per 10 gram, which has set selling pressure,” market expert Sugandha Sachdeva stated today when discussing the reasons for the rally in gold and silver prices. Gold prices reached all-time highs in domestic markets as investors flocked to the security of the metal in response to the recent turmoil in the banking sector in the US and Europe.