Early trade sees decrease in gold and silver prices

8 Sep 2022 , 10:51 AM

Early on Thursday, gold and silver prices fell. 10 grams of gold was trading for Rs50,620, down Rs540. Silver is now retailing at Rs52,800 per kg, down Rs1,100 from its previous price.

Ten grams of 22-carat gold are currently going at Rs46,400, down Rs500 from yesterday. The price of 10-gram pieces of 24- and 22-carat gold in Mumbai and Kolkata is Rs50,620 and Rs46,400, respectively. The price per 10 gm of 24- and 22-carat gold in Delhi is 50,770 and 46,550 rupees, respectively.

Gold in Chennai is now selling for Rs51,550 for 24 carats and Rs47,250 for 22 Carat. Gold prices were also under pressure on Thursday as the dollar remained close to a recent high amid a hawkish US Federal Reserve, while cautious investors awaited the European Central Bank’s rate decision, which was scheduled for later in the day.

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