Gold trading at Rs 51,980 per 10 gram; Silver down by Rs 300 per kg


on Wednesday remained unchanged in early trade, with 10 gram of the precious metal (24-carat) trading at Rs 51,980, and 10 gram of 22-carat gold trading at Rs 47,650. Silver prices declined on Wednesday by Rs 300, with the metal trading at Rs 60,000 per kg.


Meanwhile, in the US, were hemmed in a tight range on Tuesday as prospects of higher interest rates challenged bullion’s safe-haven appeal while recession risks boosted it.


Spot gold edged 0.1 per cent lower to $1,820.31 per ounce by 2:09 p.m. ET (1809 GMT) and spot silver fell 1.5 per cent to $20.82 per ounce. US gold futures settled down 0.2 per cent at $1,821.2


In Delhi, Kolkata, and Bangalore, 10 gram of 24-carat gold is trading at Rs 51,980, according to the goodreturns website. Meanwhile, 10 gram of 22-carat gold is selling at Rs 47,650 in Delhi, Kolkata, and Bangalore.


Prices of both 24-carat and 22-carat gold per 10 gram in Chennai are trading slightly higher at Rs 52,030 and Rs 47,700, respectively on Wednesday.


A kg of silver is trading at Rs 60,000 in cities like Delhi, Mumbai, and Kolkata, whereas, 1 kg of silver is selling at Rs 65,600 in Chennai.


(With inputs from Reuters)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



Source link

Recent Posts

Scan to Download
ios&Android APP

Open trading account and start trading!

Join our happy customers