Gold price climbs Rs 10 to Rs 73,430, silver rises Rs 100 to Rs 93,600
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Gold Price Today: The price of 24-carat gold went up by Rs 10 in early trade on Friday, with ten grams of the precious metal trading at Rs 73,430, according to the GoodReturns website. The price of silver also appreciated by Rs 100, with one kilogram of the precious metal selling at Rs 93,600.
The price of 22-carat gold rose Rs 10, with the yellow metal selling at Rs 67,310.
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 73,430.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 73,580, Rs 73,430, and Rs 74,190, respectively.
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 67,310.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 67,460, Rs 67,310, and Rs 68,010, respectively.
The price of 1 kg of silver in Chennai stood at Rs 98,100.
US gold prices inched lower on Friday but were heading for their first weekly gain in three, with investors waiting for US non-farm payrolls data later in the day for clues on the outlook for interest rate cuts.
Spot gold was down 0.2 per cent at $2,371.04 per ounce, as of 0144 GMT. Bullion gained about 2 per cent for the week so far.
Spot silver fell 0.5 per cent to $31.16 per ounce, platinum was up 0.4 per cent at $1,006.75 and palladium lost 0.2 per cent to $928.25.
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India’s benchmark indices fell nearly a per cent on Friday in a topsy-turvy session to cap their worst weekly performance in more than two years.
A deepening conflict in West Asia triggered risk-off bets from global investors and raised the risk of a runup in oil prices.
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India’s foreign exchange reserves jumped by $12.6 billion to cross $700 billion for the first time after reporting a steady climb for seven straight weeks, according to the Reserve Bank (RBI).
The overall kitty swelled by $2.838 billion to touch $692.296 billion during the previous week.
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At least 28 naxals killed so far in the encounter with Police in the Maad area on the Narayanpur-Dantewada border. A huge amount of automatic weapons were recovered. The gunfight broke out at around 1 pm in the forest between Thulthuli and Nendur villages in Abhujmaad on the Narayanpur-Dantewada inter-district border, when a joint team of security personnel was out on anti-Naxal operation, Inspector General of Police (Bastar Range) Sundarraj P told PTI over the phone.
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Polling for all the 90 Assembly seats in Haryana began on Saturday morning amid tight security arrangements, officials said.
The fate of Chief Minister Nayab Singh Saini, Congress leaders Bhupinder Singh Hooda and Vinesh Phogat, besides the JJP's Dushyant Chautala and 1,027 other candidates, will be decided in the polls in which more than two crore people are eligible to vote.
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