Monday, August 8, 2022
HomeFinanceGold, silver remain unchanged today; yellow metal at Rs 51,160 per 10...

Gold, silver remain unchanged today; yellow metal at Rs 51,160 per 10 gm




Gold and Silver prices in Monday’s early trade remained unchanged as 10 gram of 24-carat of yellow metal is currently trading at Rs 51,160. Silver, on other the hand, was selling at Rs 55,100 per kg.



Meanwhile, 10 gram of 22-carat gold is trading at Rs 46,900 on Monday.


Gold slipped 0.14 per cent to $1,724.05 per ounce on Monday in global trades.


With demand for bullion being restrained amid prospects of aggressive monetary policies and rising US bond yields, gold was little changed on Wednesday as it failed to make the most of a pullback in the dollar.


Although gold is seen as an inflation hedge, higher interest rates and bond yields raise the opportunity cost of holding bullion, which yields no interest.


In Delhi, Mumbai, and Kolkata, 10 gram of 24-carat gold is selling at Rs 51,160. Whereas, 10 gram of 22-carat gold in Delhi, Mumbai, and Kolkata is selling at Rs 46,900. In Chennai, 10 gram of 24-carat gold and 22-carat gold is currently trading at Rs 51,230 and Rs 46,960 respectively.


In, Mumbai, Delhi, and Kolkata, one kg of silver is selling at Rs 55,100. Whereas, one kg of silver in Chennai, Bengaluru, and Hyderabad, is trading at Rs 61,000 on Monday.

mail Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

%d bloggers like this: