Today, Gold prices hit a high at Rs 380 per 10 grams of yellow metal (24-carat), trading at Rs 57,110. Silver prices increased Rs 200 from yesterday’s close to Rs 72,100 per kg. The cost of 22-carat gold rose Rs 350 from Friday closing to Rs 52,350 per 10 grams, according to the GoodReturns website.
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In Mumbai, Kolkata and Hyderabad, 10 grams of 24-carat gold sells Rs 57,11 and 22-carat gold at Rs 52,350. In Delhi, 10 grams of 24-karat and 22-karat gold were traded at Rs 57,270 and Rs 52,500, respectively. In Chennai, 10 grams of 24-karat and 22-karat gold were sold at Rs 58,090 and Rs 53,250, respectively.
US gold prices edged lower on Friday as the US dollar strengthened, although hopes of a slowdown in Federal Reserve interest rate hikes kept bullion on track for a fifth straight weekly gain.
Spot gold fell 0.2% to $1,928.06 an ounce after rising to $1,937.49, its highest since April 22, in early trade. Prices rose 0.4% for the week.
US gold futures settled up 0.2% at $1,928.2. In Delhi, Mumbai and Kolkata, 1 kg of silver are trading at Rs 72,100, while in Chennai and Hyderabad, it sells at Rs 74,500 and Rs 72,100, respectively.
