Gold price falls ₹10 to ₹1,51,470; silver down ₹100, trading at ₹2,54,900

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 ₹1,51,470, according to the GoodReturns website. The price of silver also declined by ₹100, with one kilogram of the precious metal selling at ₹2,54,900.

 

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,38,840. 

 

The price of ten grams of 24-carat gold stood at ₹1,51,470 in Mumbai, Kolkata, Hyderabad and ₹1,52,720 in Chennai.

 

In Delhi, the price of ten grams of 24-carat gold stood at ₹1,51,620.

 

  

In Mumbai, the price of ten grams of 22-carat gold was ₹1,38,840, the same as in Kolkata, Bengaluru, Hyderabad, and ₹1,39,990 in Chennai.

                 

In Delhi, the price of ten grams of 22-carat gold stood at ₹1,38,990.  

 

The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹2,54,900. 

 

The price of one kilogram of silver in Chennai stood at ₹2,59,900.

 

US gold prices edged lower on Friday as the dollar firmed, but the metal remained on course for a third consecutive weekly gain as renewed US-Iran ceasefire optimism softened inflation fears and expectations for higher US interest rates.

 

Spot gold was down 0.2 per cent at $4,755.84 per ounce by 0055 GMT. The metal, however, has gained 1.8 per cent so far this week. US gold futures for June delivery fell 0.8 per cent to $4,779.20. 

 

Spot gold has fallen about 10 per cent since the US-Israel conflict with Iran erupted on February 28, highlighting sharp swings in investor sentiment during the ongoing crisis.

 

Among other metals, spot silver rose 0.1 per cent to $75.11 per ounce, platinum lost 1.2 per cent to $2,077.67, and palladium fell 1.1 per cent to $1,540.03.

 

(with inputs from Reuters)