Gold costs climb Rs 10 to Rs 73,260, silver rises Rs 100 to Rs 86,600

In Delhi, Bengaluru, and Chennai, the value of ten grams of 24-carat gold stood at Rs 73,410, Rs 73,260, and Rs 73,260, respectively.

In Mumbai, the value of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 67,160.

In Delhi, Bengaluru, and Chennai, the value of ten grams of 22-carat gold stood at Rs 67,310, Rs 67,160, and Rs 67,160, respectively.

The worth of 1 kilogram of silver in Delhi is in step with the value of silver in Kolkata and Mumbai at 86,600. 

The worth of 1 kilogram of silver in Chennai stood at Rs 91,600.

US Gold costs had been flat on Thursday following the discharge of the US inflation print, whereas merchants shifted their consideration to the upcoming financial knowledge that might affect the Federal Reserve’s coverage choice.

Spot gold was subdued at $2,511.52 per ounce, as of 0031 GMT. US gold futures edged 0.1 per cent decrease to $2,539.20.

SPDR Gold Belief, the world’s largest gold-backed exchange-traded fund, mentioned its holdings rose 0.20 per cent to 866.18 tonnes on Wednesday.

Spot gold might revisit its Sept 6 excessive of $2,529 per ounce, because it has briefly pierced above the final barrier of $2,521 in direction of this excessive, in response to Reuters technical analyst Wang Tao.

Spot silver was regular at $28.67 per ounce, platinum gained 0.5 per cent to $955.72 and palladium climbed 1.7 per cent to $1,025.37.

(with inputs from Reuters)

First Revealed: Sep 12 2024 | 7:59 AM IST