Gold worth rises Rs 10 to Rs 73,260, silver jumps Rs 100 at Rs 87,700 | Commodities

Gold Worth As we speak: The value of 24-carat gold jumped Rs 10 in early commerce on Thursday, with ten grams of the dear steel buying and selling at Rs 73,260, in keeping with the GoodReturns web site. The value of silver rose Rs 100, with one kilogram of the dear steel promoting at Rs 87,700.

The value of 1 kilogram of silver in Chennai stood at Rs 91,100.

US gold costs inched up on Thursday following a pointy rise within the final session because the greenback and bond yields weakened on the rising probability of charge cuts by the US Federal Reserve as early as September.

Spot gold rose 0.1 per cent at $2,388.10 per ounce, as of 0255 GMT, after gaining greater than 1 per cent to its highest since April 19 on Wednesday. US gold futures rose 0.1 per cent to $2,393.20.

The greenback fell 0.2 per cent in opposition to a basket of different main currencies, making the greenback-priced bullion cheaper for different forex holders. The benchmark 10-year Treasury yield hit its lowest in multiple month.

 

Spot silver fell 0.5 per cent to $29.56 per ounce and palladium gained 0.3 per cent to $1,012.93.

(With inputs from Reuters)