Gold price remains unchanged, silver down by Rs 300 per kg

29 Jun 2022 , 10:54 AM

Early on Wednesday (29-06-2022), gold prices were constant, with 10 grams of the 24 karats precious metal trading at Rs 51,980 and 10 grams of 22 karat gold at Rs 47,650. Silver’s price fell by Rs 300 on Wednesday, when it traded for Rs 60,000 per kilogram.

In the meanwhile, gold prices in the US were confined to a narrow range on Tuesday as the possibility of rising interest rates constrained the safe-haven appeal of metal but recession worries increased it.

By 2:09 p.m. ET (18:09 GMT), spot gold was down 0.1% at $1,820.31 per ounce and spot silver was down 1.5% at $20.82. US gold futures ended the day down 0.2% at $1,821.2.

10 grams of 24-carat gold are now selling for Rs 51,980 in Delhi, Kolkata, and Bangalore, according to the good returns website. In the meanwhile, Delhi, Kolkata, and Bangalore are selling 10 grams of 22-carat gold for Rs 47,650.

On Wednesday, prices for 10 grams of 24- and 22-carat gold in Chennai are marginally higher, at Rs 52,030 and Rs 47,700, respectively. In locations like Delhi, Mumbai, and Kolkata, one kilogram of silver sells for Rs 60,000, whereas in Chennai, it costs Rs 65,600.