In early trade, gold and silver prices rise

9 Sep 2022 , 12:28 PM

Early on Friday, gold and silver prices increased. 10 grams of Gold (24-carat) was trading for Rs50,890, up Rs270. Silver’s price increased by Rs 1,400 per kilogram, reaching Rs54,200.

Ten grams of 22-karat gold are now selling for Rs46,650, an increase of Rs250. In Mumbai and Kolkata, 10 kilos of 24-carat gold cost Rs50,890, while 10 grams of 22-carat gold cost Rs46,650. Currently, Delhi is charging Rs51,040 and Rs46,800 per 10 gm for 24- and 22-carat gold, respectively.

Gold in Chennai is now selling for Rs51,600 for 24 karat and Rs47,300 for 22 karat. US gold prices increased on Friday as a result of a weaker dollar, but Jerome Powell, the chairman of the US Federal Reserve, reaffirmed the bank’s commitment to controlling inflation, which limited further increases.

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