Gold and silver remain unchanged in early trade on Friday

8 Jul 2022 , 09:47 AM

Early on Friday (08-07-2022), gold and silver prices were stable, with 10 grams of 24-carat yellow metal trading at Rs 51,110. The price of 10 grams of 22-carat gold on Friday is Rs 46,850. On Friday, silver is being sold for Rs 57,000 per kilogram.

Gold prices rose on Friday as the dollar dipped slightly from its two-decade highs, but bullion was still on pace for its worst weekly decline in almost a month as demand was negatively impacted by the strong currency. By 01:06 GMT, spot gold increased 0.3% to $1,744.07 per ounce. The price of US gold futures increased 0.2% to $1,742.50.

To reach $19.28 per ounce, spot silver increased by 0.5%. This week, gold prices have fallen by around 3.7%. They are probably in for their worst week since mid-May and they’re fourth in a row.

10 grams of 24-carat gold are selling for Rs 51,110 in Delhi, Mumbai, Kerala, Hyderabad, and Kolkata. Ten grams of 22-karat gold, however, are currently selling for Rs 46,850 in Delhi, Mumbai, Kerala, Hyderabad, and Kolkata.

10 grams of 24- and 22-carat gold are available in Chennai for Rs 50,970 and Rs 47,720, respectively. At the moment, 1 kilogram of silver costs Rs 57,000 in Delhi, Mumbai, and Kolkata. In contrast, one kilogram of silver costs Rs 62,200 in Chennai.