Silver

Gold prices rose by Rs 700 to Rs 79,400 per 10 grams in the national capital on Friday due to fresh buying by local jewellers and a firm overseas trend, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity closed at Rs 78,700 per 10 grams on Thursday. Silver also climbed Rs 1,300 to Rs 92,200 per kg. On Thursday, the white metal prices crashed by Rs 4,900 to Rs 90,900 per kg. Price of gold of 99.5 per cent purity advanced Rs 700 to hit Rs 79,000-mark against the previous close of Rs 78,300 per 10 grams on Thursday. Traders said sentiment turned bullish due to positive trend overseas and rise in domestic demand, which mainly pushed gold prices higher. Meanwhile, in futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery climbed Rs 602 or 0.79 per cent to trade at Rs 76,326 per 10 grams. "Gold traded positively in MCX, supported by safe-haven demand amid ongoing geopolitical concerns," Jateen Trivedi, VP Researc

The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 70,920

The price of 22-carat gold dipped Rs 10, with ten grams of the yellow metal selling at Rs 70,790

While gold has been a better performer and is a good option for long-term investments, silver is more suitable for short-term or tactical investments due to its higher price swings.

The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 72,260

Gold prices surged Rs 1,100 to hit a two-week high of Rs 80,400 per 10 grams in the national capital on Friday due to persistent buying by jewellers and retailers during the ongoing wedding season, according to the All India Sarafa Association. On Thursday, the precious metal of 99.9 per cent purity finished at Rs 79,300 per 10 grams. Silver also climbed Rs 300 to Rs 93,300 per kg. It had closed at Rs 93,000 per kg in the previous session. Price of gold of 99.5 per cent purity soared Rs 1,100, extending the gains for the second consecutive day to Rs 80,000 per 10 grams. The yellow metal had finished at Rs 78,900 per 10 grams on Thursday. Meanwhile, in futures trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery climbed Rs 906, or 1.18 per cent, to trade at Rs 77,599 per 10 grams. "Rising global unease pushed gold higher on Comex, and by Rs 900 on MCX, reaching Rs 77,600. This sharp recovery highlights gold's resilience and its role in balancing portfol

Traders are concerned that the Russia-Ukraine war is likely to take dangerous turns on escalating tensions

The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 71,460

The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session. However, silver traded flat at Rs 93,000 per kg on Thursday

The precious metal of 99.9 per cent purity had closed at Rs 77,900 per 10 grams in the previous session. However, silver traded flat at Rs 93,000 per kg on Thursday

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai and Hyderabad at Rs 75,640

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai and Hyderabad at Rs 76,840

With China's fiscal stimulus failing to excite investors, Silver is likely to be under pressure in the short term, even gold and copper prices weaken

The price of 22-carat gold also climbed Rs 10, with ten grams of the yellow metal selling at Rs 72,860

Gold prices rose Rs 500 to reclaim the Rs 80,000 mark in the national capital on Friday amid fresh buying by local jewellers and retailers for the wedding festivities, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled lower at Rs 79,500 per 10 grams on Thursday. Silver also jumped Rs 800 to Rs 94,600 per kg against the previous close of Rs 93,800 per kg. The price of gold of 99.5 per cent purity climbed Rs 500 to Rs 79,600 per 10 grams. It had closed at Rs 79,100 per 10 grams on Thursday. Traders said demand from local jeweller businesses has picked up for the wedding season. Besides, gold prices witnessed an uptick as investors bet on this asset class as a safe haven, owing to depreciation in the rupee against the US dollar (USD). In future trade on the Multi Commodity Exchange (MCX), gold contracts for December delivery slipped Rs 198 or 0.26 per cent to trade at Rs 77,213 per 10 grams. "Gold traded weak amid strength in the d

The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 71,990

Silver rate today: Silver is likely to do better than gold in the short-term in case Harris wins the presidential race

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai and Hyderabad at Rs 80,400

The price of 22-carat gold also witnessed a drop of Rs 10, with ten grams of the yellow metal selling at Rs 73,840

The government on Friday revised norms related to the permissible amount of wastage with regard to the export of gold, silver and platinum jewellery. The wastage norms are the permissible amount of gold or silver that can be lost during the manufacturing process of jewellery for export. An industry official said the wastage norms have been slightly adjusted from the earlier norms, released on May 27, after the industry urged the government to look into the issue. The industry had expressed concerns over the May rules which reduced the wastage norms across jewellery categories. After their concerns, the Commerce Ministry deferred the implementation of those rules till December 2024. Now, the ministry has come out with the revised norms again, which have been welcomed by the industry. "The wastage permissible and standard input-output norms with regard to export of jewellery have been revised," the Directorate General of Foreign Trade said in a public notice. The new norms will be