Home Business Gold, silver rates fall in early trade; yellow metal trading at Rs...

Gold, silver rates fall in early trade; yellow metal trading at Rs 52,640

Gold and went down in Thursday’s early trade with ten grams of the yellow metal (24-carat) at Rs 52,640, after a decrease of Rs 110. decreased by Rs 200 from yesterday’s closing price with 1 kg of the precious metal selling at Rs 61,000.

Ten grams of 22-carat gold is trading at Rs 48,250 today, after a decrease of Rs 100, according to the GoodReturns website.

In Mumbai, Kolkata, and Hyderabad, ten grams of gold (24-carat and 22-carat) are selling at Rs 52,640, and Rs 48,250.

In Delhi, 24-carat and 22-carat gold is trading at Rs 52,800, and Rs 48,400, respectively. In Chennai, 10 grams of gold are trading at Rs 53,410 (24-carat) and Rs 48,960 (22-carat).

firmed above the key $1,750 an ounce level on Thursday, consolidating gains after minutes of the U.S. Federal Reserve’s latest policy meeting signalled slower interest rate hikes. Spot gold rose 0.3 per cent to $1,754.08 per ounce by 0033 GMT. U.S. gold futures advanced 0.5% to $1,754.30.

Lower rates tend to lift appeal for bullion in comparison with other interest-bearing assets. Physical gold demand in Asia stayed soft this week, with premiums in top hub China easing further as fresh Covid-19 restrictions dimmed activity, while higher domestic prices put off most buyers in India.

The price of 1 kg of silver in Delhi, Mumbai, and Kolkata is Rs 61,000. In Chennai, Bengaluru, and Hyderabad, the metal is trading at Rs 67,500 per kg.

Spot silver rose 0.3 per cent to $21.59 per ounce.

(With inputs from Reuters)

Source link



Please enter your comment!
Please enter your name here

Most Popular

Telegram Introduces No-SIM Sign-ups With Blockchain-Powered Numbers – Bitcoin News

Popular messenger Telegram now allows users to open accounts without the need to provide their mobile phone numbers. With the app’s latest update,...

Centre asks Google to stop publishing online betting ads

The Google app is seen on a smartphone. File | Photo Credit: Reuters The Information and Broadcasting Ministry has asked Google to comply with its...

NMSU-UNM shooting: Report raises questions over coaches, players’ involvement as school launches probe

New details of a fatal shooting involving New Mexico State basketball player Mike Peake have emerged that raise questions about the involvement of...

Just released: the 3 best growth-focused shares to buy in December 2022 [PREMIUM PICKS]

Premium content from Motley Fool Share Advisor UK Our monthly Fire Best Buys Now are designed to highlight our team’s three favourite,...

Recent Comments