 "Gold price climbs ₹10 to ₹1,22,410; silver up ₹100, trading at ₹1,52,100")
Gold Price Today: The price of 24-carat gold rose₹10 in early trade on Wednesday, with ten grams of the precious metal trading at ₹1,22,410, according to the GoodReturns website. The price of silver also increased ₹100, with one kilogram of the precious metal selling at ₹1,52,100.
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,12,210.
The price of ten grams of 24-carat gold stood at ₹1,22,410 in Mumbai, Kolkata and remained ₹1,23,560 in Chennai.
In Delhi, the price of ten grams of 24-carat gold stood at ₹1,22,560.
In Mumbai, the price of ten grams of 22-carat gold was ₹1,12,210, the same as in Kolkata, Bengaluru, Hyderabad, and ₹1,13,260 in Chennai.
In Delhi, the price of ten grams of 22-carat gold stood at ₹1,12,360.
The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹1,52,100.
The price of one kilogram of silver in Chennai stood at ₹1,66,100.
US gold prices edged higher on Thursday, as a slight pullback in the dollar and a widely expected quarter percentage point rate cut from the US Federal Reserve lifted demand.
Spot gold was up 0.4 per cent at $3,942.97 per ounce, as of 0050 GMT. US gold futures for December delivery slipped 1.1 per cent to $3,955 per ounce.
The US central bank cut interest rates by a quarter of a percentage point for the second time this year, bringing the benchmark overnight rate to a target range of 3.75 per cent to 4.00 per cent.
Elsewhere, spot silver gained 0.4 per cent to $47.71 per ounce, platinum rose 0.6 per cent to $1,594.90 and palladium climbed 0.8 per cent to $1,411.51.
(with inputs from Reuters)
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