Silver is now being sold for Rs 71,900 per kilogramme, down Rs 300 from yesterday’s close.
On Friday, the price of 10 grammes of 24 karat gold was steady and it was trading at Rs 56,730. The cost of silver dropped by Rs 300 from yesterday’s close. The price of the precious metal per kilogramme is Rs 71,900.
The GoodReturns website reports that the cost of 22-carat gold has not altered from yesterday’s close of Rs 52,000 per 10 kilos.
10 grammes of 22- and 24-carat gold are being sold in Mumbai, Kolkata, and Hyderabad for Rs 52,000 and Rs 56,730, respectively.
The current market prices in Delhi for 10 grammes of 24- and 22-carat gold are Rs. 56,890 and Rs. 52,150, respectively. 10 grammes of 24- and 22-carat gold are being sold for Rs 57,710 and Rs 52,900, respectively, in Chennai.
A weaker dollar and some safe-haven demand helped US gold prices increase by almost 1% on Thursday as concerns about a recession were stoked by worse US economic readings and hawkish remarks from Federal Reserve officials.
By 1:52 a.m. ET (1852 GMT), spot gold soared 1.1% to $1,924.09 per ounce, just shy of its Monday high of $1,929 set over the past nine months. American gold futures ended the day up 0.9% at $1,923.9.
One kilogramme of silver is currently selling for Rs 71,900 in Delhi and Mumbai and Rs 73,500 in Chennai and Hyderabad. The metal is being sold in Kolkota for Rs 72,200.
Palladium increased 1.5% to $1,743.50, spot silver increased 1.5% to $23.77 per ounce, and platinum decreased by 0.3% to $1,034.88.
