Gold Worth As we speak: The value of 24-carat gold climbed Rs 10 in early commerce on Saturday, with ten grams of the valuable metallic promoting at Rs 73,760, in line with the GoodReturns web site. The value of silver rose Rs 100, with one kilogram of the valuable metallic promoting at Rs 96,100.

The value of 22-carat gold rose Rs 10, with the yellow metallic promoting at Rs 67,610.

The value of ten grams of 24-carat gold in Mumbai is in step with costs in Kolkata and Hyderabad, at Rs 73,760.

In Delhi, Bengaluru, and Chennai, the worth of ten grams of 24-carat gold stood at Rs 73,910, Rs 73,760, and Rs 74,630, respectively.

In Mumbai, the worth of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 67,610.

In Delhi, Bengaluru, and Chennai, the worth of ten grams of 22-carat gold stood at Rs 67,760, Rs 67,610, and Rs 68,410, respectively.

The value of silver in Mumbai, Delhi and Kolkata was the identical at Rs 96,100.

The value of 1 kg of silver in Chennai stood at Rs 1,00,600.

US gold accelerated declines on Friday after a stronger-than-expected US jobs report doused expectations for rate of interest cuts this yr, including to bearish sentiment pushed by knowledge exhibiting high client China held off on bullion purchases in Could.

Spot gold dipped about 3 per cent to $2,304.54 per ounce as of 1757 GMT. US gold futures settled 2.8 per cent decrease to $2,325.

Gold fell practically 1 per cent to date this week, marking its third straight weekly fall.

Caught in gold’s slipstream, silver shed 6.6 per cent to $29.25 per ounce, platinum fell over 3.6 per cent at $967.05 and palladium misplaced 2.2 per cent to $909.06.

The gold market is seeing a little bit of liquidation, together with different metals for the reason that knowledge reveals the US financial system is kind of sturdy and the Fed could delay that first reduce, mentioned Phillip Streible, chief market strategist at Blue Line Futures.

Greater charges enhance the chance price of holding non-yielding bullion.

(With inputs from Reuters)

First Printed: Jun 08 2024 | 8:22 AM IST