Gold price rises Rs 440 to Rs 60,110, silver unchanged at Rs 73,100
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Gold price rose Rs 440 in Saturday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 60,110, according to the GoodReturns website. Silver price was unchanged, with 1 kg of the precious metal selling at Rs 73,100.
The price of ten grams of 22-carat gold increased by Rs 400 to Rs 55,100.
The price of ten grams of 24-carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 60,110.
The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 60,260, Rs 60,160, and Rs 60,460, respectively.
The price of ten grams of 22-carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 55,100.
The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai is Rs 55,250, Rs 55,150, and Rs 55,420, respectively.
US gold prices were choppy on Friday as investors juggled a hawkish Federal Reserve outlook on interest rates, which offset support from the dollar's overall retreat this week.
Spot gold edged up 0.1 per cent to $1,958.83 per ounce by 12 p.m. EDT (1800 GMT), en route to a 0.1 per cent weekly dip. US gold futures settled nearly unchanged at $1,971.20.
Silver gained 1 per cent to $24.10 per ounce, while platinum fell 0.3 per cent to $982.62, both down for the week.
The price of 1 kg of silver in Chennai, and Hyderabad is Rs 78,500.
The price of 1 kg of silver in Delhi and Mumbai is Rs 73,100.
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