Gold Prices Edge Up While Silver Sees Decline in Early Trade
Gold price climbs ₹10 to ₹1,50,670; silver down ₹100, trading at ₹2,49,900
Business Standard
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On Friday, the price of 24-carat gold rose by ₹10, reaching ₹1,50,670 per ten grams, while silver decreased by ₹100, trading at ₹2,49,900 per kilogram. The fluctuations reflect ongoing inflation concerns and a stable US gold market.
- 0124-carat gold price increased by ₹10 to ₹1,50,670 per ten grams.
- 02Silver price fell by ₹100, now at ₹2,49,900 per kilogram.
- 0322-carat gold also saw a ₹10 rise, priced at ₹1,38,110 per ten grams.
- 04Gold prices vary regionally, with Chennai reporting higher rates.
- 05US gold market remains stable despite inflation worries.
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In early trading on Friday, the price of 24-carat gold rose by ₹10, bringing the cost to ₹1,50,670 per ten grams. In contrast, the price of silver saw a decline of ₹100, now trading at ₹2,49,900 per kilogram. The price of 22-carat gold also increased by ₹10, with ten grams priced at ₹1,38,110. Regional variations were noted, with Chennai having higher gold prices at ₹1,53,830 for 24-carat gold and ₹1,41,010 for 22-carat gold. The stability in the US gold market, with spot gold holding steady at $4,622.41 per ounce, reflects ongoing inflation concerns influenced by rising oil prices, which are affecting the interest rate outlook. Spot silver and platinum prices also saw slight increases, indicating mixed trends in the precious metals market.
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These price changes could affect consumers looking to buy gold and silver for personal use or investment, potentially impacting their purchasing decisions.
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