Gold price unchanged at Rs 56,510 per 10 g; silver price falls Rs 500

The price of ten grams of 24 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 56,510

gold, gold prices
The price of ten grams of 24 carat gold in Delhi, Bengaluru, and Chennai is Rs 56,510, Rs 56,560, and Rs 57,110, respectively
BS Web Team New Delhi
2 min read Last Updated : Feb 25 2023 | 12:25 PM IST
Gold prices remained unchanged on Saturday with ten grams of 24 carat gold selling at Rs 56,510, the same as yesterday, according to the GoodReturns website. Silver prices, however, fell Rs 500 to Rs 68,300 per kg from yesterday's close of 68,800.

The price of ten grams of 22 carat gold declined Rs 100 to Rs 51,700.

The price of ten grams of 24 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 56,510.

The price of ten grams of 24 carat gold in Delhi, Bengaluru, and Chennai is Rs 56,510, Rs 56,560, and Rs 57,110, respectively.

The price of ten grams of 22 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 51,700.

The price of ten grams of 22 carat gold in Delhi, Bengaluru, and Chennai is Rs 51,950, Rs 51,850, and Rs 52,350, respectively.

US gold prices dropped to their lowest in eight weeks on Friday, pushed down by a stronger dollar and bond yields as the market braced for more interest rate hikes by the Federal Reserve in the coming months.

US inflation accelerated while consumer spending rebounded sharply by 1.8 per cent in January, reinforcing expectations that the Fed will remain hawkish.

Spot gold fell 0.6 per cent to $1,810.89 per ounce by 2:29 p.m. ET (1929 GMT), having touched its lowest since Dec. 30, at $1,808.7.

US gold futures slipped 0.5 per cent to settle at $1,817.70.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Gold PricesSilver Pricesgold and silver pricesGold tradeGold and silver

Next Story