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.

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