Finance
According to the GoodReturns website, gold rates fell in early trade on Saturday, with 10 gram of the yellow metal (24-carat) trading at Rs 50,440, a marginal decrease of Rs 10. Meanwhile, silver prices rose today, with one kilogram of the precious metal trading at Rs 57,700, a Rs 1,5550 increase.
Today, a gram of 22-carat gold costs Rs 46,240, a Rs 10-decrease from yesterday.
In Mumbai and Kolkata, 24-carat gold sells for Rs 50,440 per 10 gram, while 22-carat gold sells for Rs 46,240. 24-carat and 22-carat gold are trading at Rs 50,590 and Rs 46,340 per 10 gram in Delhi, respectively.
Gold rates fell in early trade on Saturday, according to the GoodReturns website, with 10 gram of the yellow metal (24-carat) trading at Rs 50,440, a Rs 10 decrease. Meanwhile, silver prices increased today, with one kilogram of the precious metal trading at Rs 57,700, an increase of Rs 1,5550.
A gram of 22-carat gold costs Rs 46,240 today, down Rs 10 from yesterday.
In Mumbai and Kolkata, a gram of 24-carat gold costs Rs 50,440, while a gram of 22-carat gold costs Rs 46,240. In Delhi, 24-karat and 22-karat gold are trading at Rs 50,590 and Rs 46,340 per 10 gram, respectively.
While gold is regarded as an inflation hedge, rising interest rates raise the opportunity cost of holding the bullion, which yields nothing.
Swiss gold exports to top markets China and India rose in September, while shipments to Turkey reached their highest level since April 2013, according to Swiss customs data released on Thursday.
On Thursday, SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, saw its holdings fall 0.19 percent to 930.99 tonnes.
1 kg of silver costs Rs. 57,700 in Mumbai, Delhi, and Kolkata. In Chennai, Bengaluru, and Hyderabad, 1 kg of silver costs Rs 61,500.
Source:BS
