Business Standard

Gold continues upward trend at Rs 51,160, Silver crosses Rs 61,000 mark

In New Delhi, the price of 22-carat gold rose to Rs 49,960 per 10 gram, and in Chennai to Rs 49,910

gold
Premium

The jewellery industry is expecting the consumer demand for gold to falter further amid surging prices of the precious metal and economic slowdown.

BS Web Team New Delhi
Gold prices jumped on Monday to Rs 51,160 from Rs 51,150 per 10 gram, while silver climbed to Rs 61,210 from Rs 61,200 per kilogram, according to Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

In New Delhi, the price of 22-carat gold rose to Rs 49,960 per 10 gram, and in Chennai to Rs 49,910. In Mumbai, the rate was Rs 48,700, according to the Good Returns website. The price of 24-carat gold prices in Chennai was at Rs 53,480. 

On MCX, August

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 27 2020 | 7:00 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com