Gold costs rise Rs 400, silver falls; yellow metallic buying and selling at Rs 50,620

Jivana Y Brokolyn



Gold costs witnessed an increase of Rs 440 on Saturday. Ten gram of 24-carat gold is presently buying and selling at Rs 50,620 after a soar of Rs 440, whereas, ten gram of 22-carat gold is promoting at Rs 46,400 after witnessing an increase of Rs 400.


Silver costs, then again, witnessed a fall of Rs 200 on Saturday. One kg of silver is presently promoting at Rs 55,400 as in comparison with Rs 55,600 on Friday.


Within the US, gold headed for its first weekly achieve in six on Friday as a pullback in US Treasury yields and the greenback’s decline bolstered non-yielding bullion’s safe-haven attraction as financial dangers endured.


In Delhi, Mumbai, and Kolkata, ten gram of 24-carat gold is promoting at Rs 50,620, whereas, 10 gram of 22-carat gold is promoting at Rs 46,400.


In Chennai, ten gram of 24-carat gold and 22-carat gold is promoting at Rs 51,050 and Rs 46,800 respectively.


In Delhi, Mumbai, and Kolkata, 1 kg of silver is promoting at Rs 55,400. In Chennai, one kg of silver is promoting at Rs 61,600.


Spot gold rose 0.2% to $1,721.29 per ounce by 2:21 p.m. EDT (1821 GMT). It was up about 1% thus far this week, following a robust rebound from a greater than one-year low of $1,680.25 on Thursday. Spot silver fell 1.7% to $18.53 per ounce, certain for its eight straight weekly decline.

Expensive Reader,

Enterprise Customary has at all times strived laborious to offer up-to-date data and commentary on developments which can be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these tough instances arising out of Covid-19, we proceed to stay dedicated to protecting you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial influence of the pandemic, we’d like your help much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We imagine in free, truthful and credible journalism. Your help by way of extra subscriptions may help us practise the journalism to which we’re dedicated.

Help high quality journalism and subscribe to Enterprise Customary.

Digital Editor

Next Post

The rationale behind a mysterious buying and selling surge in shares like Berkshire Hathaway has been revealed

Warren Buffett and Charlie Munger press convention on the Berkshire Hathaway Annual Shareholders Assembly, April 30, 2022. CNBC Berkshire Hathaway’s Class A shares are among the many market’s most costly shares priced above $400,000 apiece and due to this fact it was usually one of many least traded well-known firms. […]