The GoodReturns website said gold prices rose by 170 rupees in early trading on Wednesday, with 10 grams of 24-carat gold trading at 56,290 rupees. The price of silver remained unchanged, with 1 kg of precious metal selling at Rs 66,800.
The price of 10 grams of 22 carat gold rose by 150 rupees to 51,600 rupees.
The price of 10 grams of 22 carat gold in Mumbai is comparable to the price of gold in Kolkata and Hyderabad at Rs 51,600.
The prices of 10 grams of 22 carat gold in Delhi, Bangalore and Chennai are Rs 51,650, Rs 51,750 and Rs 52,350 respectively.
The price of 10 grams of 24 carat gold in Mumbai is Rs 56,290, the same price as gold in Kolkata and Hyderabad.
The prices of 10 grams of 24 carat gold in Delhi, Bangalore and Chennai are Rs.56,440, Rs.56,340 and Rs.57,110 respectively.
U.S. gold prices fell on Thursday as the dollar strengthened, and the latest batch of global economic data reinforced investor fears that global interest rates could stay higher than expected for longer. .
The gold spot fell 0.2% at $1,833.57 per ounce as of 0315 GMT after reaching a one-week peak on Wednesday. US gold futures fell 0.3% to $1,840.50.
Though considered a hedge against inflation, raising interest rates to keep prices from rising increases the opportunity cost of holding non-yielding bullion.
“The gold price is just going strong. said.
(including information from Reuters)
