Gold price remains unchanged in Friday’s early trade, with 10 grams of the yellow metal (24-carat) trading at Rs 59,160, according to the GoodReturns website. Silver prices also remained unchanged with 1 kg of the precious metal selling at Rs 73,000.
The price of 22-carat gold was unchanged at Rs 54,250.
The price of ten grams of 24-carat gold in Mumbai is at par with that in Kolkata and Hyderabad, at Rs 59,160.
The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 59,320, Rs 59,160, and Rs 59,560, respectively.
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 54,250.
The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai is Rs 54,400, Rs 54,250, and Rs 54,600, respectively.
US gold prices on Friday were on track for a fourth consecutive weekly loss as recent US jobs data and hawkish comments from Federal Reserve policymakers strengthened bets for higher-for-longer interest rates, weighing on non-yielding bullion.
Spot gold was flat at $1,910.20 per ounce by 0240 GMT, but down 0.5 per cent for the week. US gold futures were little changed at $1,916.00.
Elsewhere, spot silver fell 0.4 per cent to $22.6567 per ounce, and platinum shed 0.3 per cent to $898.83.
The price of 1 kg of silver in Chennai and Hyderabad is Rs 76,700.
The price of 1 kg of silver in Delhi and Mumbai is Rs 73,000.
(With inputs from Reuters)
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