Looking at the last trading session, at the beginning of the session on Friday, the price of 10 grams of 24-carat gold was 47,575, which was down by about 100 rupees to close at 47,484.
What are the current rates of gold and silver
If you look at the Good Returns website, today the price of 24 carat gold is running 4,591 at 1 gram, 36,728 at 8 grams, 45,910 at 10 grams and 4,51,910 at 100 grams. At the same time, there is 4,59,100 rupees on 100 grams. If you look at 10 grams, then 22 carat gold is being sold at 44,910.
If we look at the prices of gold in major cities, the price of 22 carat gold in Delhi is 46,000 and the price of 24 carat gold is 47,000. In Mumbai, 22 carat gold is running at 44,910 and 24 carat gold at 45,910. In Kolkata, 22 carat gold is 46,000 rupees, while 24 carat gold is 49,660 rupees. The price of 22 carat gold in Chennai is 45,110 and 24 carat is 49,210 rupees. These prices are per 10 grams of gold.
If we talk about silver, according to the website, the price of silver per kg is Rs 71,500 per kg. Silver is being sold in Delhi at Rs 71,500 per kg. The price of silver is same in Mumbai and Kolkata. The price of silver in Chennai is Rs 76,100 per kg.
Gold futures rise
Due to strong spot demand, speculators bought fresh deals, due to which gold prices rose by Rs 66 to Rs 47,661 per 10 grams in the local futures market on Friday. At the Multi Commodity Exchange, gold for delivery in the month of June rose by Rs 66, or 0.14 per cent, to Rs 47,661 per 10 grams. It traded for 10,320 lots. Market analysts said buying of fresh positions by traders led to rise in gold futures. Gold prices rose by 0.20 per cent to USD 1,819.40 an ounce in New York globally.
Silver futures prices fall
Due to weak spot demand, traders reduced the size of their deals, for which silver prices fell by Rs 95 to Rs 71,586 per kg in futures trade on Friday. At the Multi Commodity Exchange, the futures contract for July delivery of silver lost Rs 95, or 0.13 per cent, to Rs 71,586 per kg. In this futures contract, deals were done for 10,980 lots. Globally, silver fell 0.19 percent to $ 27.43 an ounce in New York.
(With input from language)