Gold price down ₹10 to ₹95,500, silver price falls ₹100 to ₹97,900

Gold Price Today: The price of 24-carat gold dipped ₹10 in early trade on Saturday, with ten grams of the precious metal trading at ₹95,500 according to the GoodReturns website. The price of silver fell ₹100, with one kilogram of the precious metal selling at ₹97,900.

 

The price of 22-carat gold rose ₹10, with ten grams of the yellow metal selling at ₹87,540.

 

The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at ₹95,500. 

 

In Delhi, the price of ten grams of 24-carat gold stood at ₹95,650.

 

   

In Mumbai, the price of ten grams of 22-carat gold is at par with Kolkata, Bengaluru, Chennai, and Hyderabad, at ₹87,540.

 

In Delhi, the price of ten grams of 22-carat gold stood at ₹87,690.

 

The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹97,900. 

  

The price of one kilogram of silver in Chennai stood at ₹1,09,100.

 

US gold edged lower on Saturday and was headed for a second consecutive weekly loss as easing trade tensions between the US and China and a strong jobs report kept prices pressured.

 

Spot gold was down 0.2 per cent at $3,233.30 an ounce as of 11:50 a.m. ET (1550 GMT). Prices were down 2.6 per cent weekly, after hitting a record $3,500.05 on April 22. It hit its lowest since April 14 on Thursday. 

US gold futures rose 0.6 per cent to $3,241.70.

 

Spot silver fell 1.2 per cent to $32.01 an ounce, platinum eased 0.2 per cent to $958.70 and palladium added 0.5 per cent to $945.25. All three metals were on track for weekly declines.

 

(with inputs from Reuters)