Today’s Gold Price In Hyderabad & Chennai On 21st March: 18K/22K/24K Rates & Trends; Silver Prices Inside

Following the Fed's policy status, domestic gold prices fell precipitously on Friday, March 21, as the dollar and US Treasury yields recovered. This happened after silver prices fell by 0.7% yesterday and spot gold prices closed the day down by 0.15%. Gold prices are predicted to fluctuate in the days ahead due to the Middle East's growing geopolitical tensions, which include the US continuing its airstrikes against Yemen's Houthi and Israel resuming its bombardment of Gaza, breaking a two-month ceasefire.

Gold & Silver Price In Hyderabad - Chennai Today

Today, 24 carat gold costs Rs 9,022 per gramme, 22 carat gold costs Rs 8,270 per gramme, and 18 carat gold costs Rs 6,767 per gramme in Hyderabad and Chennai. In Hyderabad and Chennai, the price of 22k of 10 grams of gold dropped by Rs 400 to Rs 82,700 on Friday from Rs 83,100 on Thursday. Meanwhile, the price of 22k of 100 grams of gold dropped by Rs 4,000 to Rs 8,27,000 today from Rs 8,31,000 yesterday.

In Hyderabad and Chennai, the price of 24k of 10 grams of gold was Rs 90,220 on Friday, down Rs 440 from Rs 90,660 on Thursday. Meanwhile, the price of 24k of 100 grams of gold is Rs 9,02,200 today, down Rs 4,400 from Rs 9,06,600 yesterday.

While 18k of 100 grams of gold reached Rs 6,76,700 in the cities today compared to Rs 6,79,910 yesterday, representing a price drop of Rs 3,210, 18k of 10 grams of gold will cost Rs 67,670 on Friday in Hyderabad and Chennai compared to Rs 67,991 on Thursday, illustrating a price drop of Rs 321.

Silver currently costs Rs 112 per gramme and Rs 1,12,000 per kilogramme in Hyderabad and Chennai. In Hyderabad and Chennai, the price of 10 grams of silver was Rs 1,120 on Friday, compared to Rs 1,141 on Thursday, and the price of 100 grams of silver was Rs 11,200 today, down from Rs 11,410 yesterday. Additionally, the price of 1 kg of silver was Rs 1,12,000 on Friday, down Rs 2,100 from Rs 1,14,100 on Thursday.

MCX Gold Outlook Today

"On the technical front, MCX Gold remains in a strong uptrend, moving above its short term moving average and walking upper Bollinger band. It has created resistance at 89,800, as seen in yesterday's red candlestick. Gold appears bullish with support at 88,260/88,160 and resistance at 89,800. Traders are advised to buy on dips with a target of 89,800. Any weakness below 87,690 will require a review of the current view," said Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Spot Gold Outlook Today

"Gold is expected to correct further towards $3020 level amid strong dollar and recovery in US treasury yields. Dollar and Yields may move north on fears that US President Donald Trump policies on tax, tariffs and immigration may tilt US economy towards slower growth and higher inflation. Meanwhile, sharp fall in prices may be cushioned on safe haven buying following escalating geopolitical tension in Middle East as US kept up airstrikes on Yemen's Houthi and Israel resumed bombing on Gaza ending 2-months ceasefire. Spot gold is likely to correct back towards $3020 level as long as it stays below $3060 level. Only break below $3020 level prices may slip further towards $3000/$2980 levels. MCX Gold April is expected to dip towards ₹88,300 level as long as it stays below ₹89,200 level. A break below ₹88,300 level prices may correct further towards 87,700 level," as per the research analysts of ICICI Direct Research.

Gold & Silver Price Prediction Today

"Gold and silver prices are trading slightly lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound for the day, as gold prices held near a record high as concerns about the potential impacts of US President Donald Trump's tariffs supported demand from haven buyers," stated the research team of Nirmal Bang Securities.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.