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Gold price climbs Rs 10 to Rs 69,390, silver rises Rs 100 to Rs 78,700 – today news

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Indians are putting their money into markets, not gold.   Photographer: Dhiraj Singh/Bloomberg

Indian economy, Gold (Photo: Bloomberg)


The price of 24-carat gold was up Rs 10 in early trade on Tuesday, with ten grams of the precious metal trading at Rs 69,390, according to the GoodReturns website. The price of silver rose Rs 100, with one kilogram of the precious metal selling at Rs 78,700.


The price of 22-carat gold also declined Rs 10 with the yellow metal selling at Rs 63,610.


The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 69,390.


In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 69,540, Rs 69,390, and Rs 70,430, respectively.


In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 63,610.


In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 63,760, Rs 63,610, and Rs 64,560, respectively.


The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 78,700.

US gold prices hit fresh all-time peaks on Monday with stocks on Wall Street closing mixed as optimism that the Federal Reserve was near to cutting interest rates faded due to a strong US economy that rebuts the need for cuts anytime soon.

Spot gold hit an all-time high of $2,265.49 an ounce earlier in the session. US gold futures settled 0.9 per cent higher at $2,236.50 an ounce.

US Treasury yields rose as the stronger-than-expected manufacturing data raised doubts on whether the Fed can deliver on the three interest rate cuts outlined in its forecast at its last policy meeting.

(With inputs from Reuters)

First Published: Apr 02 2024 | 8:22 AM IST

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