Gold and silver price falls in early trade

Gold and silver price falls in early trade

In Mumbai, 10 grams of 24-carat and 22-carat gold cost Rs 56,730 and Rs 52,000, respectively

FPJ Web DeskUpdated: Thursday, February 16, 2023, 12:10 PM IST
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Gold and silver price falls in early trade | Image: Wikipedia (Representative)

Gold prices fell by Rs 430 on Thursday, with 10 grams of the yellow metal 24-carat trading at Rs 56,730. Silver prices also fell by Rs 950 from yesterday's close to Rs 69,000 per kg.

The price of 22-carat gold fell Rs 400 from yesterday's close to Rs 52,000 according to the GoodReturns website.


Citywide breakdown

In Mumbai, 10 grams of 24-carat and 22-carat gold cost Rs 56,730 and Rs 52,000, respectively.

In Kolkata and Hyderabad, 10 grams of 24-carat and 22-carat gold were selling at Rs 56,950 and Rs 52,000, respectively.

In Delhi, 10 grams of 24-carat and 22-carat gold were trading at Rs 56,880 and Rs 52,150, respectively and in Chennai, at Rs 58,140 and Rs 53,300, respectively.

US gold prices gave up gains accrued due to dollar weakness on Tuesday to end the session nearly unchanged as US Federal Reserve officials remained hawkish on rate hikes.

Spot gold was nearly flat at $1,852.94 per ounce by 2:33 p.m. ET (1933 GMT). US gold futures gained 0.1 per cent to settle at $1,851.80.

In Mumbai, Delhi, and Kolkata, 1 kg of silver was trading at Rs 69,000, while in Chennai and Hyderabad, it was selling at Rs 71,800.

Spot silver fell 0.6 per cent to $21.84, and platinum slipped 2.3 per cent to $931.61.

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