The rate of 24-carat gold stood at Rs 47,950 per 10 gm, down Rs 10 compared to yesterday The price of 10 gm of 22-carat gold fell by Rs 10 on Thursday to trade at Rs 46,950. Silver was selling at Rs 68,000 per kg: a gain of Rs 400 compared to yesterday, according to the website Good Returns.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.
In New Delhi, the price stands at Rs 47,040 per 10 gm. For Mumbai, the yellow metal is selling at Rs 46,950, while, in Chennai, it is at Rs 45,330, according to the website.
The rate of 24-carat gold stood at Rs 47,950 per 10 gm, down Rs 10 compared to yesterday.
In the global market, gold gave up early gains on Wednesday as comments from a top US Federal Reserve official and record US services industry activity data shifted concerns back to the Federal Reserve potentially easing asset purchases later in the year, Reuters.
Spot gold was up 0.1% at $1,811.38 per ounce by 2:11 p.m. EDT, while US gold futures settled little changed at $1,814.50. Prices jumped 1% earlier in the session on the back of weaker than expected ADP jobs data.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.