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In early trading, gold prices increase; silver's fall

3 Nov 2022 , 11:13 AM

Early on Thursday, gold prices increased. According to the GoodReturns website, 10 grams of 22-karat gold were trading at Rs46,850 after increasing by Rs300. During this time, silver prices fell by Rs 600, and 1 kilogramme of the pricey metal is now being sold for Rs 58,900. The price of ten grammes of 24-karat gold h increased by Rs330 to Rs51,110.
Following a Rs 330 price hike, 10 grammes of 24 karat gold are now being sold for Rs 51,110. In Delhi, Bengaluru, and Chennai, 10 grammes of 22-carat gold cost correspondingly Rs. 47,000, Rs. 46,900, and Rs. 47,410. Given that the yellow metal is currently trading at Rs 46,850, the price of 10 grammes of 22-carat gold in Mumbai is comparable to that of the precious metal in Kolkata and Hyderabad.

In Delhi, Bengaluru, and Chennai, 10 grammes of 24 karat gold are priced at Rs51,260, Rs51,160, and Rs51,720, respectively. Given that the precious metal is currently trading at Rs51,110, the cost of 10 grammes of 24 karat gold in Mumbai is comparable to that of gold in Hyderabad and Kolkata.
Given that the metal is being sold for Rs58,900, the price of 1 kilogramme of silver in Delhi is comparable to that of Kolkata and Mumbai. In Chennai and Bangalore, 1 kilograms of silver costs Rs64,500.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Bangalore
  • Chennai
  • commodities
  • gold
  • Gold futures
  • Mumbai
  • Silver
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