New Delhi: Gold and silver costs had been unchanged in early commerce on Monday, with 10 gram of the yellow steel (24-carat) buying and selling at Rs 52,530. Within the meantime, silver is promoting for Rs 59,300 per kg.
On Monday, a gram of 22-carat gold was value Rs 48,150. Learn Extra: Financial institution vacation on Independence Day? Banks to stay closed on Aug 15 in India: Examine different dates right here
24-carat gold was promoting for Rs 52,530 per 10 gram in Mumbai and Kolkata, whereas 22-carat gold was promoting for Rs 48,150 in each cities. On Monday in Delhi, 24-carat and 22-carat yellow steel had been buying and selling at Rs 52,690 and Rs 48,300 per 10 gm, respectively. Learn Extra: PM Kisan BIG eKYC replace! PM Kisan eKYC deadline prolonged until THIS date –Examine particulars
24-carat and 22-carat gold are buying and selling at Rs 52,610 and Rs 49,140 in Chennai, respectively.
Gold costs fell on Monday, weighed down by a rebound within the US greenback and expectations of additional Federal Reserve rate of interest hikes to tame excessive inflation. As of 0352 GMT, spot gold was down 0.4% at $1,794.78 per ounce, after rising about 1.6% the earlier week. Gold futures in the US fell 0.3% to $1,810.
Though gold is seen as a hedge in opposition to inflation, rising US rates of interest have diminished the enchantment of non-yielding bullion.
One kilogram of silver prices Rs 59,300 in Mumbai, Delhi, and Kolkata. On Monday, one kilogram of silver was buying and selling at Rs 64,800 in Chennai, Bengaluru, and Hyderabad.
The spot worth of silver fell 1% to $20.61 per ounce.
