Business Standard

Gold prices unchanged on Friday; silver selling at Rs 56,700 per kg

Spot gold was down 0.2 per cent at $1,754.44 per ounce, as of 0156 GMT, after falling to its lowest since July 29 at $1,752.77 earlier in the session

Gold

Photo: Bloomberg

BS Web Team New Delhi
Gold prices remained unchanged in Friday's early trade with 10 gram of the yellow metal (24-carat) trading at Rs 52,250. Meanwhile, silver is selling at Rs 56,700 per kg after falling Rs 900.

Ten gram of 22-carat gold on Friday is trading at Rs 47,900.

In Mumbai and Kolkata, 24-carat gold is selling at Rs 52,250 per 10 gram, while 22-carat gold is trading at Rs 47,900 in the respective cities. In Delhi, 24-carat and 22-carat gold is trading at Rs 52,400 and Rs 48,050 per 10 gm, respectively.

In Chennai, 24-carat and 22-carat gold is trading at Rs 52,770 and Rs 48,380, respectively.

Gold prices in the US slipped to a three-week low on Friday and were set for their first weekly drop in five, as a stronger dollar and prospects of more rate hikes by the Federal Reserve dented bullion's appeal.

Spot gold was down 0.2 per cent at $1,754.44 per ounce, as of 0156 GMT, after falling to its lowest since July 29 at $1,752.77 earlier in the session. For the week so far, the metal is down 2.6 per cent.

US gold futures eased 0.2 per cent to $1,767.70.

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First Published: Aug 19 2022 | 8:18 AM IST

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