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 "Indians are putting their money into markets, not gold. Photographer: Dhiraj Singh/Bloomberg")
Indian financial system, Gold (Photograph: Bloomberg)
The worth of 24-carat gold slipped Rs 10 in early commerce on Tuesday, with ten grams of the dear metallic buying and selling at Rs 66,810, in response to the GoodReturns web site. The worth of silver, however, went up Rs 100, with one kilogram of silver promoting at Rs 77,900.
The worth of 22-carat gold additionally slipped Rs 10 with the yellow metallic promoting at Rs 61,240 per 10 grams.
The worth of ten grams of 24-carat gold in Mumbai is consistent with costs in Kolkata and Hyderabad, at Rs 66,810.
In Delhi, Bengaluru, and Chennai, the value of ten grams of 24-carat gold stood at Rs 66,960, Rs 66,810, and Rs 67,700, respectively.
In Mumbai, the value of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 61,240.
In Delhi, Bengaluru, and Chennai, the value of ten grams of 22-carat gold stood at Rs 61,390, Rs 61,240, and Rs 62,060, respectively.
The worth of 1 kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 77,900.
The worth of 1 kilogram of silver in Chennai stood at Rs 80,900.
US gold costs inched increased on Tuesday, buoyed by a weaker greenback as investor focus turns to US inflation information due later this week, which might shed extra gentle on the timing of the Federal Reserve’s first rate of interest reduce this 12 months.
Spot gold was up 0.1 per cent at $2,172.82 per ounce, as of 0122 GMT.
Gold costs hit a report excessive final week after Fed policymakers indicated they nonetheless anticipated to cut back curiosity by three-quarters of a share level by 2024 finish regardless of current excessive inflation readings.
Spot gold could retest resistance at $2,183 per ounce, a break above which might result in a acquire into $2,188-$2,196 vary, in response to Reuters‘ technical analyst Wang Tao.
Spot silver was flat at $24.68 per ounce, platinum rose 0.4 per cent to $906.10 and palladium gained 0.4 per cent to $1,009.14.
(With inputs from Reuters)
First Revealed: Mar 26 2024 | 8:06 AM IST
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