Gold unchanged today, trading at Rs Rs 51,980; silver down by Rs 100

Gold prices in Monday’s early commerce remained unchanged from yesterday’s worth as 10 gram of yellow steel (24-carat) is trading at Rs 51,980. Meanwhile, 10 gram of 22-carat gold is trading at Rs 47,650.

Silver, alternatively, witnessed a drop of Rs 100 in Monday’s early commerce, as the valuable steel trading at Rs 60,900 per kg.

The worth of ten gram of 24-carat gold in Delhi, Kolkata, and Bangalore is Rs 52,010. Whereas, 10 gram of 22-carat gold is trading at Rs 47,680 in Delhi, Kolkata, and Bangalore. In Chennai, 10 gram of 24-carat gold and 22-carat gold is trading at Rs 52,090 and Rs 47,750 respectively.

Silver is trading at Rs 60,900 per kg in Delhi, Mumbai and Kolkata. In Chennai, one kg of silver is at present promoting at Rs 66,300.

Spot gold was down 0.2% at $1,836.67 per ounce, as of 0203 GMT. U.S. gold futures have been flat at $1,840.00. Meanwhile, spot silver fell 0.7% to $21.49 per ounce.

The yellow steel wrapped up the earlier week decrease as a stronger US greenback and rate of interest hikes by main central banks dented the enchantment of bullion that yields no curiosity.

However, the world’s largest gold-backed exchange-traded fund SPDR Gold Trust mentioned its holdings rose 1.1% to 1,075.54 tonnes on Friday from 1,063.94 tonnes on Thursday.

(With inputs from Reuters)

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