Gold and silver costs remained unchanged in Wednesday’s early commerce with ten grams of the yellow metallic (24-carat) buying and selling at Rs 54,330. Silver, however, is buying and selling at Rs 69,000 per kg right now.
Ten gram of 22-carat gold was buying and selling at Rs 49,800 right now, in response to the GoodReturns web site.
In Mumbai, Kolkata, Hyderabad, Kerala, and Pune, 10 grams of gold (24-carat and 22-carat) was promoting at Rs 54,330, and Rs 49,800, respectively.
In Delhi, 24-carat and 22-carat gold was buying and selling at Rs 54,490, and Rs 49,950, respectively. In Chennai, 10 grams of 24-carat and 22-carat gold are buying and selling at Rs 54,980 and Rs 50,400, respectively.
Gold costs had been flat on Wednesday, with traders readying themselves for the US Federal Reserve’s rate-hike determination later within the day. Spot gold was little modified at $1,809.35 per ounce, as of 0046 GMT. US gold futures had been down 0.2 per cent at $1,821.10.
Bullion costs hit a greater than five-month excessive on Tuesday after a smaller-than-expected rise in US shopper costs buoyed bets for a slowdown in charge hikes from the Fed.
SPDR Gold Belief, the world’s largest gold-backed exchange-traded fund, stated its holdings rose 0.3 per cent to 912.72 tonnes on Tuesday.
In Mumbai, Delhi, and Kolkata, one kg of silver is buying and selling at Rs 69,000 per kg right now. In the meantime, in Chennai, Bangalore and Hyderabad, silver is promoting at Rs 73,000 per kg.
Spot silver fell 0.3 per cent to $23.65.
(With Reuters inputs)