Gold costs rise, trades at Rs 54,000; silver charges fall in early commerce

Gold worth rose by Rs 220 per 10 grams (24-carat) in Thursday’s early commerce to 54,000. Silver costs, however, fell by Rs 500 per kg to Rs 65,500 per kg at the moment.

Ten grams of 22-carat gold is buying and selling at Rs 49,500 after a rise of Rs 200 from yesterday’s shut, in accordance with the GoodReturns web site.

In Mumbai, Kolkata, and Hyderabad, Kerala and Pune, 10 grams of gold (24-carat and 22-carat) was promoting at Rs 54,000, and Rs 49,500, respectively.

In Delhi, 24-carat and 22-carat gold was buying and selling at Rs 54,150, and Rs 49,650, respectively. In Chennai, 10 grams of 24-carat and 22-carat gold was buying and selling at Rs 54,720 and Rs 50,160.

had been little modified in early Asian commerce on Thursday, after bullion jumped greater than 1% within the earlier session following a retreat within the U. S. greenback and yields.

Spot gold held its floor at $1,786.92 per ounce, as of 0009 GMT. U.

S. gold futures had been up 0.1% to$1,799.10.

Gold on Wednesday was supported by a pullback within the greenback and U. S. bond yields as traders anticipate slower price hikes from the U. S. Federal Reserve at its coverage assembly subsequent week. The value of 1 kg of silver in Delhi, and Mumbai was Rs 65,500. In Chennai, Bengaluru, and Hyderabad, the metallic was buying and selling at Rs 71,000 per kg. Spot silver inched 0.2% decrease to $22.68, platinum rose 0.2% to $1,004.62 and palladium gained 0.1% to $1,846.91.

(With Reuters inputs)

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