In early trade price of gold and silver remains unchanged Â

1 Aug 2022 , 11:01 AM

The price of 24-carat gold remained constant on Monday, trading at Rs51,490. Due to the metal’s current selling price of Rs 58,400 per kilogram, the price of silver also remained stable for the day. Currently, the price of 10 grams of 22-carat gold is Rs47,200. Among the main metropolitan areas, the southern cities of Chennai, Coimbatore, and Madurai are selling 10 grams of 24-carat gold for Rs52,530 while doing the same with 22-carat gold for Rs48,150.

In Mumbai and Kolkata, a gram of 24-carat gold costs Rs 51,490, while a gram of 22-carat gold costs Rs47,200. The price per 10 gm of 24- and 22-carat yellow gold in Delhi is Rs51,660 and Rs47,350, respectively.

In terms of silver, one kilogram of the pricey metal is going for Rs58,400 in Delhi and Mumbai. Silver costs Rs63,700 per kilogram in southern Chennai, Bengaluru, Hyderabad, and Kerala. A weaker US dollar and lower bond rates on predictions about a less aggressive Federal Reserve rate-hike trajectory helped gold prices stay close to a more than three-week high on Monday.

As of 03:01 GMT, spot gold was barely changed at $1,764.32 an ounce after reaching its highest level since July 6 on Friday at $1,767.79. The price of US gold futures dropped by 0.1% to $1,779.90 per ounce. Silver on the spot decreased 0.7 percent to $20.17 per ounce.