Gold Price Update: The price of 24-carat gold increased by Rs 10 in early trading on Thursday, reaching Rs 80,080 for ten grams, according to the GoodReturns website. Meanwhile, silver saw a rise of Rs 100, with one kilogram priced at Rs 1,04,100.
The cost of 22-carat gold also rose by Rs 10, now selling for Rs 73,410 per ten grams.
In Mumbai, the price for ten grams of 24-carat gold remains at Rs 80,080, consistent with prices in Kolkata, Bangalore, Chennai, and Hyderabad. In contrast, Delhi reports a slightly higher price of Rs 80,230 for the same amount.
For 22-carat gold, the price in Mumbai matches that in Kolkata, Bangalore, Chennai, and Hyderabad at Rs 73,410, while in Delhi, it stands at Rs 73,560.
In terms of silver, one kilogram is priced at Rs 1,04,100 in Delhi, which aligns with prices in Mumbai, Kolkata, and Ahmedabad. In Chennai, however, silver is priced higher at Rs 1,12,100.
Gold prices remained stable on Thursday after reaching an all-time high in the previous session. A stronger dollar and rising US Treasury yields have countered the demand for gold as a safe haven.
As of 00:13 GMT, spot gold was flat at $2,718.32 per ounce. US gold futures increased by 0.1% to $2,732.10.
In the silver market, spot prices rose 0.2% to $33.80 per ounce, following a peak of $34.87 on Tuesday, the highest level since late 2012. Additionally, platinum prices climbed 0.6% to $1,022.25, while palladium gained 2.9% to reach $1,090.50.
Related topics:
- Gold Prices Rise Amid Increased Demand for Safe-Haven Assets
- Gold Hits Record High as Geopolitical Tensions Drive Investors to Safety
- Gold Price Eases from All-Time Peak; Downside Potential Appears Limited
