 "Gold price climbs ₹10 to ₹1,11,290, silver rises ₹100, trades at ₹1,32,100")
Gold Price Today: The price of 24-carat gold rose ₹10 in early trade on Saturday, with ten grams of the precious metal trading at ₹1,11,290, according to the GoodReturns website. The price of silver also climbed ₹100, with one kilogram of the precious metal selling at ₹1,32,100.
The price of 22-carat gold increased ₹10, with ten grams of the yellow metal selling at ₹1,02,010.
The price of ten grams of 24-carat gold stood at ₹1,11,290 in Mumbai and Kolkata, and at ₹1,11,720 in Chennai.
In Delhi, the price of ten grams of 24-carat gold stood at ₹1,11,440.
In Mumbai, the price of ten grams of 22-carat gold was ₹1,02,010, the same as in Kolkata, Bengaluru and Hyderabad, while in Chennai it stood at ₹1,02,410.
In Delhi, the price of ten grams of 22-carat gold stood at ₹1,02,160.
The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹1,32,100.
The price of one kilogram of silver in Chennai stood at ₹1,42,100.
US gold prices rose on Saturday, holding close to record highs hit earlier this week, as signs of a weakening US labor market reinforced expectations the Federal Reserve will deliver its first rate cut of the year next week.
Spot gold was up 0.4 per cent at $3,648.55 per ounce, as of 02:25 p.m. EDT (1825 GMT), close to Tuesday's all-time high of $3,673.95. The metal has gained 1.7 per cent so far this week and is poised for a fourth consecutive weekly advance.
US gold futures for December delivery settled 0.3 per cent higher at $3,686.40.
Elsewhere, spot silver rose 1.7 per cent to $42.26 per ounce, at a 14-year high, platinum was up 1.2 per cent at $1,395.05 and palladium gained 1.3 per cent to $1,202.93. All three metals were set for weekly gains.
(with inputs from Reuters)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
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
SAVE 25%