In early trade gold prices remain unchanged, silver prices fall

29 Sep 2022 , 09:05 AM

According to the Good Returns website, 10 grams of 24 Carat yellow metal traded for Rs49,970 in early trade on Thursday, with gold prices remaining unaffected. The metal is now trading at Rs55,000 a kg, while the price of silver dropped by Rs400. The price of ten grams of 22-carat gold is now Rs45,800.

The price per 10 grams of 24- and 22-carat gold in Mumbai and Kolkata is, respectively, Rs49,970 and Rs45,800.24- and 22-carat gold are now selling in Delhi for Rs50,130 and Rs45,950 per 10 gm, respectively. Gold in Chennai is now selling for Rs50,450 for 24 karat and Rs46,250 for 22 karat.

The U.S. dollar strengthened on Thursday amid worries that increasing interest rates might trigger a worldwide recession, pushing up the price of gold for foreign purchasers. This led to a decline in gold prices. At 01:42 GMT, spot gold prices were down 0.2% at $1,656.59 per ounce. Bullion increased by up to 2% in the previous session. The US gold futures fell 0.2% to $1,667.10 per ounce.

In the meantime, the price of 1 kilogram of silver in Mumbai, Delhi, and Kolkata reached Rs55,000. One kilogram of silver costs Rs60,000 in Chennai, Bengaluru, and Hyderabad. Spot silver decreased by 0.4% to $18.82 an ounce.

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