Precious metal rates in India remained subdued amid weak global trend. On MCX, gold futures were down 0.2% to Rs 51,322 per 10 gram, the sixth decline in seven sessions, while silver dropped below the key level of Rs 55,000 per kg. India Gold price again down: check latest rate in different city.
In global markets, the yellow metal edged lower to $1,746 per ounce amid a firm US dollar. Traders remained cautious ahead of ahead of central bankers’ Jackson Hole symposium due later this week where Fed chief Jerome Powell will also be speaking.
India Gold price in the national capital on Wednesday raised Rs 274 to Rs 51,909 per 10 grams amid firm global trends, according to HDFC Securities. The yellow metal had closed at Rs 51,635 per 10 grams in the previous trade. Silver also jumped Rs 448 to Rs 55,682 per kg from Rs 55,234 per kg in the previous trade.
In the international market, gold was trading higher at USD 1,749 per ounce while silver was flat at USD 19.11 per ounce. Gold prices recovered on weaker dollar and ease in US bond yields,” said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities. The gold rates in Delhi for 10 grams of 22-carat have remained at Rs. 47,150 with a fall of Rs. 600 and that of 10 grams of 24-carat gold is at 51,440 with a fall of Rs. 210.
The gold rates in Chennai per 10 gram of 22 carats is at Rs 48,000 with a fall of Rs. 150 and the gold rate of 24-carat is at Rs. 52,400 with a fall of Rs. 130. The gold rate in Kolkata per 10 grams of 22 carats is at Rs. 47,000 and the rate of 10 grams of 24 carats is at Rs. 51,230.
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The gold rates in Mumbai per 10 grams of 22 carats have been at Rs. 47,600 with a fall of Ra. 600 and Rs. 51,230 per 10 grams of 24 carat with a fall of Rs. 700. The silver rates have been at Rs. 54,900 in Kolkata, Chennai and Mumbai and the rate of silver in Chennai is at Rs. 60,700.
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