Gold price today at Rs 47,880 per 10 gm, silver unchanged at Rs 71,400 a kg
.jpg)
The price for 22-carat gold on Friday inched higher to Rs 47,880 for 10 gm from Rs 47,680 and silver was flat at Rs 71,400 per kg, according to the Good Returns website.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.
In New Delhi, the price of 22-carat gold was down to Rs 47,950 per 10 gm. In Chennai, it declined to Rs 46,150. The Mumbai rate is Rs 47,880, according to the website.
The price for 24-carat gold witnessed an uptick of Rs 200 per 10 gram to Rs 48,880 on Friday from Rs 48,680 in the previous trading session.
Silver remained unchanged at Rs 71,400 per kilogram. Indian rupee ended lower by 9 paise at 73.06 per dollar on Thursday, amid buying seen in the domestic equity market.
In the global market, gold prices nudged up on Thursday after data showed US consumer prices increased more than expected last month but eased fears over the Federal Reserve tapering its monetary support.
Spot gold rose 0.3% to $1,893.75 per ounce by 1:43 p.m EDT (1743 GMT), having earlier hit its lowest level since June 4 at $1,869.46.
US gold futures settled at 1,896.40 an ounce.
Investors also took stock of the European Central Bank pledge to maintain a steady flow of stimulus over the summer, at its policy meeting.
Gold prices are expected to move higher in the coming weeks with inflation expectations continuing to remain a focal point.
Other Latest News
.webp)
Bihar Chief Minister Nitish Kumar on Friday disbursed the first instalment of the hiked pension amount of Rs 1,100 per month to the bank accounts of 11.1 million beneficiaries, including senior citizens, widows and people with disabilities.
Over Rs 1,227 crore was credited under six different pension schemes during a function here, officials said.
.webp)
The Telangana government on Thursday moved to implement 42 per cent reservation for Other Backward Classes (OBCs) in local body elections, fulfilling a key poll promise made by Congress leader Rahul Gandhi during the Bharat Jodo Yatra.
The decision was taken at a cabinet meeting chaired by Chief Minister Revanth Reddy. State Transport Minister Ponnam Prabhakar said the chief minister has directed officials to immediately begin the groundwork for implementation.
.webp)
iPhone maker Apple has alternatives to handle issues related to the return of Chinese professionals from Foxconn's India plant, the Centre said, adding that it is monitoring production targets at the Foxconn plant, news agency PTI reported.
Citing sources, the report stated that hundreds of Chinese technology professionals, working at Foxconn's India plant, facilitating and managing the production, have returned to China, triggering speculations that the production of the upcoming iPhone 17 series may be hampered.
.webp)
Billionaire Gautam Adani said on Friday his family will invest Rs 60,000 crore in healthcare, proclaiming the sector needs “entrepreneurial revolution” and that “evolution” was not enough.
Adani, in an address to leading surgeons in Mumbai, laid out a roadmap to overhaul Indian health care. He called for an “entrepreneurial revolution” in medicine, backed by technology, empathy and Rs 60,000 crore ($7.2 billion) in philanthropic capital.
.webp)
Electric vehicle major Tesla will open its first store in India on July 15 in Mumbai, marking the company’s official entry into the country’s automotive retail space. The Mumbai outlet, located in the financial capital, will function as an “experience centre”, the company said on Friday.
The Elon Musk-led company had secured a lease for the Mumbai location in March as part of its entry into the Indian market.
.webp)
.webp)
.webp)
.webp)
.webp)
