You are here: Home » Markets » Commodities » Precious Metals
Business Standard

Gold, silver rates rise in early trade; yellow metal selling at Rs 50,130

Gold and silver rates went up in early trade with 10 gram of yellow metal (24-carat) trading at Rs 50,130

Topics
Gold trade | gold and silver prices | gold silver prices

BS Web Team  |  New Delhi 

gold

Gold and silver rates went up in Wednesday's early trade with 10 gram of yellow metal (24-carat) trading at Rs 50,130 after a change of Rs 110. Silver is trading at Rs 57,200 per kg today after an increase of Rs 500. Meanwhile, ten grams of 22-carat gold is trading at Rs 45,950 after an increase of Rs 100.

In Mumbai and Kolkata, 24-carat gold is selling at Rs 50,130 per 10 gram, while 22-carat gold is trading at Rs 45,950 in the respective cities. In Delhi, 24-carat and 22-carat gold are trading at Rs 50,290 and Rs 46,100 per 10 gm, respectively.

In Chennai, 24-carat and 22-carat gold is trading at Rs 50,510 and Rs 46,300, respectively.

Even though gold is seen as a hedge against inflation, higher interest rates increase the opportunity cost of holding bullion and boost the dollar.

Meanwhile, 1 kg of silver in Mumbai, Delhi, and Kolkata was trading at Rs 57,200. In Chennai, Bengaluru, and Hyderabad, one kg of silver is selling at Rs 61,800.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, September 21 2022. 09:19 IST
RECOMMENDED FOR YOU
.