Gold costs dip Rs 10 to Rs 77,010, silver rises Rs 100 to Rs 95,100

In Delhi, Bengaluru, and Chennai, the worth of ten grams of 24-carat gold stood at Rs 77,160, Rs 77,010, and Rs 77,010, respectively.

In Mumbai, the worth of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 70,590.

In Delhi, Bengaluru, and Chennai, the worth of ten grams of 22-carat gold stood at Rs 70,740, Rs 70,590, and Rs 70,590, respectively.

The value of 1 kilogram of silver in Delhi is consistent with the worth of silver in Kolkata at 94,900, whereas the worth in Mumbai is Rs 95,100. 

The value of 1 kilogram of silver in Chennai stood at Rs 1,00,900.

US Gold held its floor on Friday after hitting a report excessive within the earlier session on mounting expectations of one other massive US rate of interest lower this yr, whereas market individuals awaited a key inflation report for additional course.

Spot gold was regular at $2,670.50 per ounce, as of 0028 GMT. Bullion hit a report excessive of $2,685.42 on Thursday.

Bullion costs have risen greater than 29 per cent to date this yr, smashing report highs a number of occasions on US rate-cut hopes, safe-haven demand and sturdy central financial institution shopping for.

US gold futures edged 0.1 per cent decrease to $2,692.70.

China’s month-to-month web gold imports through Hong Kong dropped 76 per cent to their lowest in additional than two years in August, in response to knowledge on Thursday.

Spot silver fell 0.4 per cent to $31.91 per ounce, after hitting a 12-year peak within the earlier session.

Silver costs have bubbled as much as their highest in additional than a decade on the again of bullion’s stellar bull run and China’s stimulus measures, though some analysts count on the rally to fade as industrial sector demand stays a priority.

Platinum was regular at $1,006.65 and palladium shed 0.4 per cent to $1,043.22.

(with inputs from Reuters)

First Revealed: Sep 27 2024 | 7:56 AM IST