Gold value slips Rs 10 to Rs 74,500, silver falls Rs 100 to Rs 94,500 | Commodities

Gold Value At this time: The value of 24-carat gold dipped Rs 10 in early commerce on Wednesday, with ten grams of the dear steel buying and selling at Rs 74,500, in accordance with the GoodReturns web site. The value of silver fell Rs 100, with one kilogram of the dear steel promoting at Rs 94,500.

The value of 22-carat gold additionally declined Rs 10, with the yellow steel promoting at Rs 68,290.

The value of ten grams of 24-carat gold in Mumbai is consistent with costs in Kolkata and Hyderabad, at Rs 74,500.

In Delhi, Bengaluru, and Chennai, the worth of ten grams of 24-carat gold stood at Rs 74,650, Rs 74,500, and Rs 74,830, respectively.

In Mumbai, the worth of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 68,290.

In Delhi, Bengaluru, and Chennai, the worth of ten grams of 22-carat gold stood at Rs 68,440, Rs 68,290, and Rs 68,590, respectively.

The value of 1 kilogram of silver in Delhi is consistent with the worth of silver in Mumbai and Kolkata at Rs 94,500.

The value of 1 kilogram of silver in Chennai stood at Rs 98,900.

US gold costs had been regular on Wednesday and hovered above key $2,400 degree touched earlier this week, supported by safe-haven shopping for and the prospect of rate of interest cuts from the US Federal Reserve later this yr.

Spot gold held its floor at $2,422.45 per ounce, as of 0106 GMT. Bullion hit a document excessive of two,449.89 on Monday.

Spot silver rose 0.4 per cent to $32.08 per ounce, platinum was up 0.4 per cent at $1,050.50 and palladium was flat at $1,025.75.

(With inputs from Reuters)

First Revealed: Could 22 2024 | 8:00 AM IST