Price of gold in the country has climbed marginally to Rs 53,030 per 10 gram from Rs 52,020 on Monday, according to the Good Returns website. The price of silver currently stands at Rs 59,000 per kg.
It may be noted that gold jewellery prices vary across the country due to excise duty, state levies and making charges.
According to information, the price of 22-carat gold in New Delhi has remained unchanged at Rs 48,601 per 10 grams while in Chennai it fell to Rs 47,810. The price of 24-carat gold in Chennai today was at Rs 52,150 per 10 grams.
On the Multi Commodity Exchange (MCX), October gold futures fell nearly half a per cent to Rs 49,659 per 10 gram while silver December futures were trending at Rs 59,027 per kg.
On Friday, the gold price in New Delhi increased by Rs 324 to Rs 50,824 per 10 gram, taking a break from its four-day consecutive decline. The recovery came after improvement of the yellow metal’s international price. In the previous trading session, the gold prices closed at Rs 50,500 per 10 gram.
Meanwhile, silver prices had also bounced back and gained Rs 2,124 to Rs 60,536 per kilogram on Friday, rising marginally from the previous day’s closing at Rs 58,412 per kilogram.
In the previous session, US gold futures were down 0.4 per cent to $1,870.30. However, gold prices steadied on Monday as the dollar rally took a pause, reported news agency Reuters. Spot gold was little changed at $1,860.19 per ounce by 6:37 am Monday.
US gold futures were down 0.1 per cent at $1,864.50 per ounce. The dollar index was down 0.1 per cent against rivals, slightly off a two-month peak hit in the last session.