GoodReturns’ website said gold prices rose 330 rupees from yesterday’s close in early trading on Tuesday, with 10 grams of 24-carat gold trading at 57,220 rupees. The price of silver remained unchanged and 1 kg of precious metal he sold for 66,000 rupees.
The price of 10 grams of 22 carat gold rose by INR 290 to trade at INR 52,450.
The price of 10 grams of 22 carat gold in Mumbai is Rs 52,450, the same price as gold in Kolkata and Hyderabad.
The prices of 10 grams of 22 carat gold in Delhi, Bangalore and Chennai are Rs 52,600, Rs 52,500 and Rs 53,250 respectively.
The price of 10 grams of 24 carat gold in Mumbai is comparable to the price of gold in Kolkata and Hyderabad at Rs 57,220.
The prices of 10 grams of 24 carat gold in Delhi, Bangalore and Chennai are Rs 57,370, Rs 57,270 and Rs 58,090 respectively.
U.S. gold prices fell from more than five-week highs on Tuesday but hit a critical $1,900 level amid growing hopes that the U.S. Federal Reserve will scale back rate hikes after the collapse of two major regional banks. was maintained beyond
Physical gold rose more than 2% on Monday, hitting its highest level since February 3, before falling 0.3% at $1,906.75 per ounce as of 0321 GMT. US gold futures also fell 0.3% to $1,911.00.
Spot silver fell 0.5% to $21.70 an ounce, platinum fell 0.5% to $991.19 and palladium fell 1% to $1,459.20.
The price of 1 kg of silver in Delhi, Mumbai and Kolkata is Rs 66,000.
The price of 1 kg of silver in Bangalore, Hyderabad and Chennai is Rs 69,500.
(including information from Reuters)