Gold prices were unchanged during early trading on Friday, with 10 grams of 22 carat gold trading at Rs 47,360, the same as yesterday’s close.However According to the GoodReturns website, the price of silver fell by 300 rupees in early trading, with a kilogram of silver trading at 61,400 rupees.
Ten grams of 24-carat gold was selling for 51,670 rupees, the same as yesterday’s closing price.
The prices of 10 grams of 22 carat gold in Delhi, Bangalore and Chennai were Rs 47,460, Rs 47,410 and Rs 48,200 respectively.
The price of 10 grams of 22 carat gold in Mumbai is comparable to that of gold in Kolkata and Hyderabad, with the yellow metal trading at Rs 47,360.
The prices of 10 grams of 24 carat gold in Delhi, Bangalore and Chennai were Rs.51,770, Rs.51,720 and Rs.52,580 respectively.
The price of 10 grams of 24 carat gold in Mumbai is comparable to that of gold in Kolkata and Hyderabad, where the precious metal is trading at Rs 51,670.
U.S. gold prices edged lower on Friday but are headed for a weekly gain as data show signs of slowing inflation, prompting the U.S. Federal Reserve to scale back aggressive rate hikes. I have high expectations.
As of 0048 GMT, spot gold was down 0.1% at $1,751.87 per ounce. In one week he is up 4.2%. US gold futures rose 0.1% to his $1,755.20.
Silver spot fell 0.5% to $21.56. Platinum fell 0.4% to $1,028.51 and palladium fell 0.2% to $1,960.49.
The price of 1kg of silver in Delhi, Mumbai, Chennai and Kolkata is Rs 61,400.
The price of 1 kg of silver in Bangalore and Hyderabad is Rs 67,000.
(including information from Reuters)
