Gold price today at Rs 52,310 per 10 gm, silver trending at Rs 63,200 a kg



today fell to Rs 52,310 from Rs 52,540 per 10 gm, while silver price was trending at Rs 63,200 per kg, according to the Good Returns website.


Gold jewellery price vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.



In New Delhi, the of 22-carat climbed to 47,950 per 10 gm, while in Chennai it jumped to Rs 46,110. In Mumbai, the rate was Rs 48,150 according to the Good Returns website. The price of 24-carat gold in Chennai was Rs 50,310 per 10 gm.


tanked Rs 460 to Rs 48,371 per 10 gram in the national capital on Monday on a weak global trend, according to HDFC Securities.


In the previous trade, the precious metal had closed at Rs 48,831 per 10 gram. also dipped Rs 629 to Rs 62,469 per kilogram from Rs 63,098 per kilogram in the previous trade.


“Spot for 24 carat in Delhi fell by Rs 460, reflecting decline in global and rupee appreciation,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.


Gold prices dipped on Monday as Covid-19 vaccine rollouts lifted riskier assets, overshadowing hopes for further U.S. fiscal and monetary stimulus.


“The euphoria around a Covid-19 vaccine will likely overshadow further easing from the Federal Reserve and a fiscal relief package in the near term,” said Howie Lee, an economist at OCBC Bank.


“But gold could rally in 2021 when the vaccine optimism dies down and investors’ focus returns to rising inflation expectations due to the large swathe of monetary and fiscal stimulus the U.S. economy still requires.” The first shipments of Pfizer Inc and BioNTech SE’s coronavirus vaccine in the United States began on Sunday, lifting Asian equities.

Dear Reader,

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.

Digital Editor





Source link
#Gold #price #today #silver #trending

Leave a Comment