Gold price falls ₹10 to ₹1,55,770; silver down ₹100, trades at ₹2,79,900 | Commodity News
Gold Price Today: The price of 24-carat gold fell by ₹10 in early trade on Saturday, with ten grams of the precious metal trading at ₹1,55,770, according to the Good feedback website. The price of silver also fell by ₹100, with a kilogram of the precious metal selling for ₹2,79,900.
The price of 22 carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,42,790.
The price of ten grams of 24-carat gold stood at ₹1,55,770 in Mumbai and Kolkata, and ₹1,57,080 in Chennai.
In Delhi, the price of ten grams of 24 carat gold stood at ₹1,55,920.
In Mumbai, the price of ten grams of 22 carat gold was ₹1,42,790, the same as in Kolkata, Bengaluru, Hyderabad and ₹1,43,990 in Chennai.
In Delhi, the price of ten grams of 22 carat gold stood at ₹1,42,940.
The price of one kilogram of silver in Delhi, Kolkata, Chennai and Mumbai stood at ₹2,79,900.
American gold and silver rebounded on bargain hunting on Saturday after sliding to a one-week low in the previous session, with a break below key supports deepening losses as selling pressure intensified after strong U.S. jobs data dampened bets on a rate cut.
Spot gold was up 1 percent at $4,966.83 an ounce by 0127 GMT after falling more than 3 percent in the previous session to a near-week low below the key $5,000 level.
US gold futures for April delivery gained 0.7 percent to $4,985.40 an ounce.
Spot silver rose 2.1 percent to $76.76 an ounce, following an 11 percent decline on Wednesday.
The U.S. dollar was broadly stable against other currencies on Thursday, holding steady after mixed signals from the latest release of U.S. economic indicators. A stronger dollar makes metals valued in greenbacks more expensive for holders of other currencies.
Spot platinum rose 1.7 percent to $2,033.15 an ounce, while palladium rose 1.4 percent to $1,639.99.
(with contributions from Reuters)
