March 31, 2023

Rising rates for gold and silver; 10 grammes of yellow metal are going for Rs 56,950.

Gold prices in India rose by Rs 210 on Tuesday, with 10 grams of 24-carat gold trading at Rs 56,950 per gram. Silver prices were also up by Rs 150 per kilogram from yesterday’s close to Rs 72,900 per kg. 10 grams of 24-carat gold was trading at Rs 57,100 and Rs 52,350 in Delhi and Rs 56,950 in Mumbai, Kolkata and Hyderabad. In Chennai, gold was selling at Rs 58,000 and Rs 53,170 in the two cities.

Spot gold was down 0.4 per cent at $1,910.48 per ounce, as of 0304 GMT on Tuesday. Hopes of slower interest rate hikes by the US Federal Reserve capped further losses.

Gold prices are expected to hit record highs above $2,000 an ounce this year. In Delhi, Mumbai, and Kolkata, 1 kg of silver is trading at Rs 72,900, while in Chennai and Hyderabad it is selling at Rs 75,800.

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