Gold and silver prices remain unchanged in early trading

5 Sep 2022 , 10:10 AM

Early on Monday, gold and silver prices were stable, with 10 grams of 24 Carat yellow metal trading at Rs50,890. Silver, on the other hand, is currently selling for Rs 52,500 per kilogram.

Ten grams of 22-carat gold are now selling for Rs46,650. The price of 10 grams of 24-carat gold in Mumbai and Kolkata is Rs50,890, while the price of 10 grams of 22-carat gold is Rs46,650. 24- and 22-carat gold is now selling in Delhi for Rs51,050 and Rs46,800 per 10 gm, respectively.

Gold in Chennai is now selling for Rs51,510 for 24 Carat and Rs47,220 for 22 Carat. Silver was going for Rs 52,500 a kilogram in Delhi, Mumbai, and Kolkata. Silver is being sold for Rs58,200 a kilogram in Chennai, Bengaluru, Hyderabad, and Kerala.

Due to a strong US dollar, gold’s price on Monday remained unchanged at $1,710 per ounce. Even while gold is seen as an inflation hedge, storing metal has a greater opportunity cost at higher interest rates, which strengthens the currency.

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