Tag: silver

Rates Surge in Metro Cities; Check Details

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Gold rates surged by Rs 32 on Friday, March 19, for 1 gram as the price of the same quantity of 22-carat gold stood at Rs 4,428 from the previous rate of Rs 4,396. According to Good Returns, the price of 10 grams of 22-carat-gold is Rs 44,280 witnessing a massive increase of Rs 320 from Rs 43,960 on the earlier day. Similar to the rates of 22-carat gold the price of 24 carats of the yellow metal also hiked by Rs 320 and stood at Rs 45,280 for 10 grams, compared to the earlier rate of Rs 44,960. The cost of silver too witnessed marginal gains on Friday.

The yellow metal can be bought at different prices in different cities of the country. Check the rates here:

Delhi: The rate of 22-carat of Gold stood at Rs 44,350 per 10 grams in the national capital. While for 24-carat gold it is Rs 48,380 for the same quantity.

Chennai: Those who are planning to buy gold jewellery will have to pay Rs 42,580 per 10 grams for 22-carat gold while for 24-carat gold of the same quantity the cost is Rs 46,450.

Kolkata: One will have to pay Rs 44,580 for 10 grams of 22-carat gold in Kolkata while for 24-carat the price is Rs 47,280 per 10 grams.

Mumbai: Rs 44,280 is the price of 22-carat gold per 10 grams in Mumbai, while for 10 grams of 24-carat gold the purchaser will have to pay Rs 45,280.

International Price of Gold

In the international market, the rate of gold declined 0.33 percent to USD 1,730.70 per ounce on Friday. Similarly, its performance in the last 30 days has also decreased by 3.50 percent which is equivalent to USD 62.80.

Silver Prices

Witnessing a nominal gain of Rs 7, the rate of silver per 10 grams stood at Rs 677 on Friday from the previous rate of Rs 670.

Silver Rates in Metro Cities

The rate of silver stood at Rs 67,700 for one kilogram in Delhi, Mumbai and Kolkata as the rate is the same in these cities. However, one will have to pay more that is Rs 72,500 for the same quantity of the metal in Chennai and Hyderabad.

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Rates Hikes in Metro Cities, Silver Surges too

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Gold rates hiked by Re 1 on Thursday, March 18, for 1 gram as the price of the same quantity of 22-carat gold stood at Rs 4,397 compared to the rate of Rs 4,396 on the previous day. According to Good Returns, the price of 10 grams of 22-carat-gold is Rs 43,970 witnessing an increase of Rs 10 from the earlier day’s rate of Rs 43,960. Similar to the rates of 22-carat gold the price of 24 carats of the yellow metal also surged by Rs 10 and stood at Rs 44,970 for 10 grams, compared to the earlier cost of Rs 44,960. The rate of silver also observed nominal gains on Thursday.

Those who are planning to buy gold ornaments can check the rates of the metal in major metro cities below:

Delhi: The rate of 22-carat of the yellow metal stood at Rs 44,150 per 10 grams in the national capital. While for 24-carat gold it is Rs 48,160 for the same quantity.

Chennai: Those who are planning to buy gold jewellery will have to pay Rs 42,380 per 10 grams for 22-carat gold while for 24-carat gold of the same quantity the cost is Rs 46,230.

Kolkata: One will have to pay Rs 44,270 for 10 grams of 22-carat gold in Kolkata while for 24-carat the price is Rs 46,910 per 10 grams.

Mumbai: Rs 43,970 is the price of 22-carat gold per 10 grams in Mumbai, while for 10 grams of 24-carat gold the purchaser will have to pay Rs 44,970.

International Price of Gold

In the international market, the rate of gold surged 0.49 percent to USD 1,754.00 per ounce on Thursday. On the contrary, its performance in the last 30 days has decreased by 3.54 percent which is equivalent to USD 64.40.

Silver Prices

Witnessing a marginal rise of Rs 3, the rate of silver on Thursday per 10 grams stood at Rs 673 from the earlier rate of Rs 670.

Silver Rates in Metro Cities

The rate of silver in Delhi, Mumbai and Kolkata stood at Rs 67,300 for one kilogram. However, one will have to pay more that is Rs 71,600 for the same quantity of the metal in Chennai and Hyderabad.

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Rates Falls Marginally in Metro Cities; Silver Gains

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The rates of gold witnessed a marginal decline on Tuesday, March 16 as the price of one gram of 22-carat gold decreased by Rs 3 to stand at Rs 4,384, compared to the earlier rate of Rs 4,387. As per the details available on Good Returns, the cost of 10 grams of 22-carat-gold fell by Rs 30 to Rs 43,840 from Rs 43,870 on the previous day. Similar to the rates of 22-carat gold, the price of 24 caratyellow metal also lost Rs 10 for 10 grams to stand at Rs 44,840 from Rs 44,870 on the previous day. However, on the contrary to gold prices, the rate of silver witnessed gains on Tuesday.

In major metro cities of the country, the rate of yellow metal changed observing the national market. Check the list below.

Delhi: The rate of 22-carat gold in the national capital stood at Rs 44,160 per 10 grams. While for the same quantity of 24-carat gold, it is at Rs 48,170.

Chennai: Those who are planning to buy gold jewellery or ornaments will have to pay Rs 42,290 per 10 grams for 22-carat gold while for 24-carat gold of the same quantity, the cost is Rs 46,130.

Kolkata: The rate of the yellow metal in Kolkata stood at Rs 44,300 for 10 grams while for 24-carat, it is Rs 46,940 per 10 grams.

Mumbai: The price of 22-carat gold per 10 grams in Mumbai is Rs 43,840, while the purchaser will have to pay Rs 44,840 per 10 grams for 24-carat gold.

International Price of Gold

In the international market, the rate of gold or yellow metal surged 0.10 percent to USD 1,732.80 per ounce on Tuesday. On the contrary, its performance in the last 30 days has decreased by 5.02 percent,which is equivalent to USD 91.50.

Silver prices

The rate of silver observed a nominal hike on Tuesday where for buying 10 grams of the metal, the purchaser will have to pay Rs 674 witnessing a gain of Rs 5 from the earlier rate of Rs 669.

Silver rates in Metro Cities

In major metro cities of the country like Delhi, Mumbai and Kolkata, the cost of silver stood at Rs 67,400 for one kilogram as the rate was the same in these cities. However, one will have to pay more for purchasing the metal in Chennai and Hyderabad that is Rs 71,700 for the same quantity.

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Indian Gold Buyers Pile in as Prices Dip to One-year Low

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Retail consumers in India continued to buy up physical gold this week as prices retreated to a near one-year low, while lower rates also injected fresh activity in other hubs, especially Singapore.

Dealers charged up to $5 an ounce over official domestic prices, inclusive of 12.5% import and 3% sales levies, compared with last week’s premium of $4.

”Demand has significantly improved in the past few days. Retail buyers are making purchases, especially for weddings,” said Mangesh Devi, a jeweller based in Satara in the western state of Maharashtra.

On Friday, local gold futures fell to 44,217 rupees per 10 grams, a trough since April 7.

Jewellers were also making healthy purchases in the first half of the week, but now a few of them have paused expecting further fall in prices, said a Mumbai-based dealer with a bullion importing bank.

”Jewellers don’t want to get stuck with high cost inventory,” the dealer said.

In Singapore, premiums of $1.60-$2 an ounce were charged, with strong demand arising from low local prices.

”We’ve seen an increase in demand, in particular from retail clients, for both gold and silver, as prices have come down a bit,” said Brian Lan, managing director at dealer GoldSilver Central, adding that wholesalers are also covering their short positions.

Chinese customers were charged premiums of about $6-$7 an ounce over benchmark spot gold prices, unchanged from last week as demand was stable, but not high, dealers said.

In Hong Kong, dealers sold bullion at anywhere between a discount of $3 and a premium of $2 relative to the benchmark. Japanese dealers charged a premium of $0.50.

A sharp dip in domestic rates has triggered relatively strong investment demand, a trader at Tokyo-based retailer Tokuriki Honten said.

”Individual investors are seeing current price level as a good buying opportunity,” the trader added.

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Gold Tumbles Rs 679, Silver Crashes Rs 1,847 Amid Bleak Market Trend

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Gold prices on Tuesday tumbled Rs 679 to Rs 44,760 per 10 grams in the national capital, due to bleak international market trend and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 45,439 per 10 grams in the previous close.

Silver also crashed by Rs 1,847 to Rs 67,073 per kg from the closing of Rs 68,920 per kg in the previous day trade. HDFC Securities Senior Analyst (Commodities) Tapan Patel, “Spot prices for 24 karat gold at Delhi plunged by Rs 679 with fall in global gold prices and rupee appreciation.” The spot rupee was trading around 14 paise stronger against the US dollar during the day, he added.

In the international market, gold was trading lower at USD 1,719 an ounce and silver was down at USD 26.08 an ounce.



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