Gold price falls ₹10 to ₹1,55,770; silver down ₹100, trades at ₹2,79,900

Gold Price Today: The price of 24-carat gold fell ₹10 in early trade on Saturday, with ten grams of the precious metal trading at ₹1,55,770, according to the GoodReturns website. The price of silver also dropped 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 ₹1,42,790.

 

The price of ten grams of 24-carat gold stood at ₹1,55,770 in Mumbai and Kolkata, and ₹1,57,080 in Chennai.

 

In Delhi, the price of ten grams of 24-carat gold stood at ₹1,55,920.

  

 

In Mumbai, the price of ten grams of 22-carat gold was ₹1,42,790, the same as in Kolkata, Bengaluru, Hyderabad, and ₹1,43,990 in Chennai.

             

In Delhi, the price of ten grams of 22-carat gold stood at ₹1,42,940. 

                    

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

US gold and silver rebounded on bargain-hunting on Saturday after sliding to one-week lows in the previous session, with a break below key supports deepening losses as selling pressure intensified after strong US jobs data curbed rate-cut bets.

 

Spot gold was up 1 per cent at $4,966.83 per ounce by 0127 GMT after falling more than 3 per cent in the previous session to a near one-week low below the key $5,000 level. 

US gold futures for April delivery gained 0.7 per cent to $4,985.40 per ounce. 

Spot silver rose 2.1 per cent to $76.76 per ounce, after a 11 per cent drop on Wednesday. 

The US dollar was mostly flat against peer currencies on Thursday, holding steady after mixed signals from the latest release of US economic indicators. A stronger dollar makes greenback-priced metals more expensive for holders of other currencies.

 

Spot platinum added 1.7 per cent to $2,033.15 per ounce, while palladium rose 1.4 per cent to $1,639.99.

   

(with inputs from Reuters)