Gold price dips ₹10 to ₹1,56,100; silver falls ₹100, trading at ₹2,79,900

Gold Price Today: The price of 24-carat gold fell ₹10 in early trade on Friday, with ten grams of the precious metal trading at ₹1,56,100, according to the GoodReturns website. The price of silver also declined by ₹100, with one kilogram of the precious metal selling at ₹2,79,900.

 

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,43,090. 

 

The price of ten grams of 24-carat gold stood at ₹1,56,100 in Mumbai, Kolkata, Hyderabad, and ₹1,57,960 in Chennai.

 

In Delhi, the price of ten grams of 24-carat gold stood at ₹1,56,250.

  

 

In Mumbai, the price of ten grams of 22-carat gold was ₹1,43,090, the same as in Kolkata, Bengaluru, Hyderabad, and ₹1,44,790 in Chennai.

                  

In Delhi, the price of ten grams of 22-carat gold stood at ₹1,43,240. 

    

The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹2,79,900. 

 

The price of one kilogram of silver in Chennai stood at ₹2,84,900.  

 

US gold prices edged lower on Friday and were set for a weekly loss, as tensions in West Asia dampened hopes for a US-Iran peace deal amid rising inflation and rate-hike fears.

 

Spot gold was down 0.3 per cent to $4,462.22 per ounce, as of 0049 GMT. It has fallen about 1.6 per cent for the week so far.

US gold futures for August delivery fell 0.4 per cent to $4,489.

 

Spot silver fell 0.6 per cent to $73.45 per ounce, platinum dropped 1.3 per cent to $1,876.58, and palladium slid 1.5 per cent to $1,301.25. All metals were headed for a weekly loss.

 

(with inputs from Reuters)