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NEWS

Gold price rises Rs 100 to Rs 58,850, tableware falls Rs 500 to Rs 71,400

Gold prices rose Rs 100 in Saturday’s early trade, with 10 grams of the unheroic essence( 24- carat) trading at Rs 58,850, according to the GoodReturns website. gray price fell Rs 500, with 1 kg of the precious essence dealing at Rs 71,400. The price of 22- carat gold also increased by Rs 100 to Rs 53,950.

The price of ten grams of 24- carat gold in Mumbai is at par with that in Kolkata and Hyderabad, at Rs 58,850 The price of ten grams of 24- carat gold in Delhi, Bengaluru, and Chennai is Rs 59,000, Rs 58,850, and Rs 59,240, independently.

The price of ten grams of 22- carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 53,950.

The price of ten grams of 22- carat gold in Delhi, Bengaluru, and Chennai is Rs 54,100, Rs 53,950, and Rs 54,300, independently.

US gold was bound for its first daily decline in three, squeezed by prospects for further interest rate hikes, while moderate affectation prints handed some support on Friday.

Spot gold rose0.5 per cent to$ 1,917.94 per ounce by 0146p.m. EDT( 1746 GMT). US gold futures settled0.6 per cent advanced at$ 1,929.40.

Prices have exfoliate2.5 per cent this quarter, dropping from situations just shy of all- time highs at$ 2,072 in May, caused by unease about the health of the US banking sector, to below$ 1,900 on Thursday.

tableware rose0.8 per cent to$22.73 per ounce. Platinum gained0.6 per cent to$899.27, but was set for its biggest yearly decline in two times.

The price of 1 kg of tableware in Chennai and Hyderabad is Rs 74,800.

The price of 1 kg of tableware in Delhi and Mumbai is Rs 71,400.

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