Gold price falls ₹10 to ₹1,41,320; silver down ₹100, trading at ₹2,34,900

Gold Price Today: The price of 24-carat gold fell ₹10 in early trade on Friday, with ten grams of the precious metal trading at ₹1,41,320, according to the GoodReturns website. The price of silver also declined by ₹100, with one kilogram of the precious metal selling at ₹2,34,900. 

 

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,29,540. 

 

The price of ten grams of 24-carat gold stood at ₹1,41,320 in Mumbai, Kolkata, Hyderabad and ₹1,43,340 in Chennai.

 

In Delhi, the price of ten grams of 24-carat gold stood at ₹1,41,470.

  

In Mumbai, the price of ten grams of 22-carat gold was ₹1,29,540, the same as in Kolkata, Bengaluru, Hyderabad, and ₹1,31,390 in Chennai. 

                   

In Delhi, the price of ten grams of 22-carat gold stood at ₹1,29,690. 

   

The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹2,34,900. 

 

The price of one kilogram of silver in Chennai stood at ₹2,29,900. 

 

US gold was set for a fourth straight weekly fall on Friday, as a resilient dollar and expectations of ​faster US rate hikes to tame inflation kept ​bullion pressured below $4,000 per ounce.

 

Spot gold fell 0.9 per cent to $3,991.49 per ounce ‌by 0247 GMT. US gold futures for August delivery lost 1 per cent to $4,007.30.

 

Among other metals, spot silver fell 3.2 per cent to $56.01 per ounce, platinum lost 2.4 per cent to $1,563.20, and palladium slid 1.6 per cent to $1,165.93. All metals were headed ‌for a ​weekly loss.

 

(with inputs from Reuters)