Gold prices fall Rs 100 on Saturday; silver selling at Rs 56,000 per kg

The price of 22-carat gold also fell Rs 100 and the precious metal is trading at Rs 47,800

Gold
Photo: Bloomberg
BS Web Team New Delhi
2 min read Last Updated : Aug 20 2022 | 7:48 AM IST
Gold prices fell Rs 100 in Saturday's early trade with 10 gram of the yellow metal (24-carat) trading at Rs 52,150. The price of silver, meanwhile, fell Rs 700 to Rs 56,000 per kg. 

The price of 22-carat gold also fell Rs 100 and the precious metal is trading at Rs 47,800.

In Mumbai and Kolkata, 24-carat gold is selling at Rs 52,150 per 10 gram, while 22-carat gold is trading at Rs 47,800 in the respective cities. In Delhi, 24-carat and 22-carat gold is trading at Rs 52,310 and Rs 47,950 per 10 gm, respectively.

In Chennai, 24-carat and 22-carat gold is trading at Rs 52,600 and Rs 48,220, respectively.

Meanwhile, India's gold imports, which have a bearing on the country's Current Account Deficit (CAD), rose 6.4 per cent to $12.9 billion during April-July this fiscal due to healthy demand, according to government data.

The imports stood at $12 billion during the same period a year ago.

In July 2022, however, imports of the precious metal fell sharply by 43.6 per cent to $2.4 billion, as per the latest data released by the commerce ministry.

Increase in gold and oil imports during the first four months of this fiscal contributed to a record trade deficit of $30 billion, against $10.63 billion in April-July 2021.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Gold PricesGold and silverSilver Pricesgold and silver prices

Next Story