PI Global Investments
Silver

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

Photo: Unsplash/Jingming Pan


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

Related posts

Cellulose nanofibrils and silver nanoparticles enhances the mechanical and antimicrobial properties of polyvinyl alcohol nanocomposite film

Miles

Silver Ferns crushed by Jamaica, will play for bronze

Miles

Silver Tempest Secret Rares We Want To See

Miles

Leave a Comment

SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.

    100% secure your website.