Gold, silver prices jump in early trade; yellow metal trading at Rs 51,870

Silver also witnessed a rise in the prices.1 kg of silver is trading at Rs 61,150, after a jump of Rs 1,150.

gold silver
silver is trading at Rs 61,150 per kg
BS Web Team New Delhi
2 min read Last Updated : Jun 17 2022 | 10:13 AM IST
Gold prices in India jumped on Friday in early morning trade and witnessed a rise of Rs 430. Ten gram of 24-carat gold is trading at Rs 51,870, whereas, 10 gram of 22-carat gold is trading at Rs 47,550, after a jump of Rs 400. 

Silver also witnessed a rise in the prices. One kilogramme of silver is trading at Rs 61,150, after a jump of Rs 1,150. 

The price of 10 gram 24-carat gold in Delhi, Kolkata, and Bangalore is Rs 51,900. Meanwhile, the price of 10 gram of 22-carat gold in Delhi, Kolkata, and Bangalore is Rs 47,580. In Chennai, 10 gram of 24-carat and 22-carat gold is trading at Rs 51,980 and Rs 47,650 respectively. 

On the other hand, silver is trading at Rs 61,150 per kg in in Delhi, Mumbai, and Kolkata. 

Spot gold dropped 0.7% to $1,844.25 per ounce by 0238 GMT. Spot silver fell 0.6% to $21.79 per ounce.All were headed for weekly declines.

World stocks headed for their worst week since a market meltdown in the beginning of the pandemic in March 2020, as investors feared sharp rate hikes tipping economies into recession. [MKTS/GLOB]

The U.S. Federal Reserve announced its biggest interest rate hike since 1994 this week, as it scrambles to rein in soaring inflation. Rising rates in the United States increase the opportunity cost of holding non-yielding gold.

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 silver pricesSilver Pricesgold and silver prices

Next Story