In early trading gold prices remain unchanged

19 Aug 2022 , 09:18 AM

Early on Friday, 10 grams of 24-carat gold were trading at Rs52,250, with gold prices remaining steady. Silver is currently going for Rs56,700 per kilogram, down Rs900.

On Friday, ten grams of 22-carat gold was going for Rs47,900. The price of 10-gram pieces of 24- and 22-carat gold in Mumbai and Kolkata is respectively Rs52,250 and Rs47,900. Gold in Delhi is currently selling for Rs 52,400 per 10 gm for 24-carat gold and Rs 48,050 for 22-carat gold.

Gold in Chennai is currently selling for Rs52,770 for 24 Carat and Rs48,380 for 22 Carats. As a result of a stronger dollar and the likelihood of further Federal Reserve rate hikes, gold prices in the US fell to a three-week low on Friday and were on track to experience their first weekly decline in five.

As of 01:56 GMT, spot gold was down 0.2% at $1,754.44 per ounce after hitting its lowest level since July 29 at $1,752.77 earlier in the day. The metal is down 2.6% for the week so far. The price of US gold futures dropped 0.2% to $1,767.70.