Gold and silver costs witnessed a drop in Friday’s early commerce with ten grams of the yellow metallic (24-carat) buying and selling at Rs 54,530, after a fall of Rs 350 from yesterday’s shut. Silver, then again, fell by Rs 500 and is buying and selling at Rs 70,500 per kg right now.
Ten gram of 22-carat gold is buying and selling at Rs 49,990 right now, in keeping with the GoodReturns web site.
In Mumbai, Kolkata, and Hyderabad, Kerala and Pune, 10 grams of gold (24-carat and 22-carat) is promoting at Rs 54,530, and Rs 49,990, respectively.
In Delhi, 24-carat and 22-carat gold is buying and selling at Rs 54,670, and Rs 50,140, respectively. In Chennai, 10 grams of 24-carat and 22-carat gold is buying and selling at Rs 55,200 and Rs 50,600, respectively.
Gold costs had been flat on Friday and set for a weekly loss, pressured by expectations of upper rates of interest for an extended interval by the US Federal Reserve.
Spot gold was regular at $1,776.85 per ounce as of 0028 GMT, having fallen greater than 1 per cent this week. US gold futures had been down 0.1 per cent at $1,786.80.
In Mumbai, Delhi, and Kolkata, one kg of silver is buying and selling at Rs 70,500 per kg right now. In the meantime, in Chennai, Bangalore and Hyderabad, silver is promoting at Rs 72,700 per kg.
Spot silver rose 0.1 per cent to $23.06, platinum misplaced 0.1 per cent to $1,005.14 and palladium was down 0.2 per cent at $1,787.50.
(With inputs from Reuters)