Early trading sees a decline in gold price

4 Aug 2022 , 10:49 AM

Early on Thursday, gold prices collapsed, falling by Rs210 per 10 grams, with 24-carat gold trading at Rs51,440. Silver, on the other hand, saw a 500 rupee drop in price and was trading at Rs57,500 per kg.

Following a decline of Rs200, the price of 10 grams of 22-carat gold on Thursday was Rs47,150. At 02:39 GMT, the price of spot gold remained stable at $1,767.39 an ounce.

Up 0.4% to $1,783.90, US gold futures are now. Benchmark The potential cost of storing gold that doesn’t pay interest has decreased as US 10-year Treasury rates have fallen from a more than one-week high. Spot silver prices dropped by 0.4% to $19.97 per ounce, platinum dropped by 0.2% to $896, and palladium dropped by 0.3% to $2,011.42.

In Mumbai and Kolkata, 10 grams of 24-carat gold were going for Rs51,440, while 10 grams of 22-carat gold were going for Rs47,150. On Thursday, 24- and 22-carat yellow metal is trading in Delhi for Rs51,600 and Rs47,300 per 10 gm, respectively.

Early on Thursday, 10 grams of 24- and 22-carat gold were dealt in Chennai for Rs52,390 and Rs48,020, respectively. A kilogram of silver cost Rs 57,500 in Mumbai, Delhi, and Kolkata. On the other hand, on Thursday, one kilogram of silver cost Rs63,000 in Chennai, Bengaluru, and Hyderabad.