Gold prices rise ₹10 to ₹1,33,210; silver up ₹100, trading at ₹2,04,100

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 ₹1,33,210, according to the GoodReturns website. The price of silver rose by ₹100, with one kilogram of the precious metal selling at ₹2,04,100.

 

The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,22,110.

 

The price of ten grams of 24-carat gold stood at ₹1,33,210 in Mumbai and Kolkata, and ₹1,34,960 in Chennai.

 

In Delhi, the price of ten grams of 24-carat gold stood at ₹1,33,360.

  

In Mumbai, the price of ten grams of 22-carat gold was ₹1,22,110, the same as in Kolkata, Bengaluru, Hyderabad, and ₹1,23,710 in Chennai.

 

 

In Delhi, the price of ten grams of 22-carat gold stood at ₹1,22,260. 

               

The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹2,04,100.

   

The price of one kilogram of silver in Chennai stood at ₹2,16,100.

  

US gold prices rose to a seven-week high on Saturday, bolstered by a soft dollar, expectations of interest rate cuts and safe-haven demand prompted by geopolitical turbulence, while silver hit a record high.

 

Spot gold rose 0.7 per cent to $4,311.73 per ounce by 0945 GMT, its highest level since October 21, and set for a 2.7 per cent weekly gain.

 

US gold futures gained 0.7 per cent to $4,343.50.

 

Spot silver rose 0.5 per cent to $63.87 per ounce, after hitting a new record high of $64.32/oz, and is headed for a 9.5 per cent weekly gain.  Elsewhere, platinum was up 0.8 per cent at $1,708.11, while palladium climbed 2.2 per cent to $1,516.95. Both were headed for a weekly rise.

 

(with inputs from Reuters)