The price of 24-carat gold was up Rs 10 at Rs 65,140 on March 7 morning. The price of 22-carat gold also rose by Rs 10, with the yellow metal now selling at Rs 59,710. These prices are consistent with those in Kolkata and Hyderabad.
Silver, however, declined Rs 100, with one kilogram of the precious metal selling at Rs 74,400 in Delhi, Mumbai, and Kolkata.
In Delhi, Bengaluru, and Chennai, 24-carat gold was selling at Rs 65,290, Rs 65,140, and Rs 65,900, respectively. The price of ten grams of 22-carat gold in Mumbai was same as in Kolkata and Hyderabad at Rs 59,710. In Delhi, Bengaluru, and Chennai, 22-carat gold was selling at Rs 59,860, Rs 59,710, and Rs 60,410, respectively.
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Gold surged to an new high on March 6, continuing its impressive growth primarily due to expectations of monetary easing in the United States. Likewise, palladium, an autocatalyst metal, rose above $1,000 for the first time since January 12. Spot gold increased by 0.8% to $2,145.09 per ounce, reaching an all-time high of $2,152.09. Meanwhile, U.S. gold futures settled at $2,158.2, marking an increase of 0.8%.
(Indian spot prices for gold and silver as per goodreturns.in)
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