Gold falls Rs 50, silver jumps Rs 300; yellow metal trading at Rs 63,000

The price of 22-carat gold also witnessed a fall of Rs 50, with the yellow metal selling at Rs 57,750.

The price of 24-carat gold fell Rs 50 in early trade on Thursday, with ten grams of the precious metal selling at Rs 63,000, according to the GoodReturns website. The price of silver, on the other hand, was up by Rs 300, with one kilogram of the precious metal selling at Rs 75,300.

The price of 22-carat gold witnessed a fall of Rs 50, with the yellow metal selling at Rs 57,750.

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 63,000.

In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 63,150, Rs 63,000, and Rs 63,650, respectively.

In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 57,750.

In Delhi, Bengaluru, and Chennai, ten grams of 22-carat gold are selling at Rs 57,900, Rs 57,750, and Rs 58,350, respectively.

Gold prices languished near a one-week low on Thursday as the US dollar and bond yields strengthened after a strong reading of US business activity, ahead of US GDP data and the European Central Bank's policy meet later in the day.

Spot gold rose 0.2 per cent to $2,015.99 per ounce by 0203 GMT, after hitting a near one-week low of $2,011.06 in the previous session.

Spot silver rose 0.3 per cent to $22.74 per ounce, platinum rose 0.1 per cent to $899.69, and palladium fell 0.2 per cent to $960.89.

In Delhi and Mumbai, one kilogram of silver is currently trading at Rs 75,300. 

In Chennai, one kilogram of silver is trading at Rs 76,800.

(with inputs from Reuters)