Gold price dips ₹10 to ₹1,00,520, silver climbs ₹100, trades at ₹1,18,100

Gold Price Today: The price of 24-carat gold climbed ₹10 in early trade on Saturday, with ten grams of the precious metal trading at ₹1,00,520, according to the GoodReturns website. The price of silver rose ₹100, with one kilogram of the precious metal selling at ₹1,18,100.

 

The price of 22-carat gold also increased by ₹10, with ten grams of the yellow metal selling at ₹92,140.

 

The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at ₹1,00,520.

 

In Delhi, the price of ten grams of 24-carat gold stood at ₹1,00,670.

 

In Mumbai, the price of ten grams of 22-carat gold is in line with that of Kolkata, Bengaluru, Chennai, and Hyderabad at ₹92,140.

 

   

In Delhi, the price of ten grams of 22-carat gold stood at ₹92,290. 

  

The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹1,18,100.

  

The price of one kilogram of silver in Chennai stood at ₹1,28,100.

 

US gold prices rebounded on Friday, buoyed by heightened expectations of a September rate cut following comments from Federal Reserve Chair Jerome Powell at the central bank's Jackson Hole symposium.

 

Spot gold was up 1.1 per cent at $3,373.89 per ounce by 1:31 pm. EDT (1731 GMT), while US gold futures settled 1.1 per cent up at $3,418.50.

 

The US dollar was down 1 per cent, making gold less expensive for other currency holders.  Spot silver gained 2.2 per cent to $39.01 per ounce, platinum rose 0.7 per cent to $1,362.90, and palladium firmed 1.4 per cent $1,125.53.

 

(with inputs from Reuters)