Gold price increased by Rs 260, silver fell by Rs 500; Trading at Rs 74,100 per kg
According to the GoodReturns website, the price of 24 carat gold jumped by Rs 270 in early trade on Friday, while ten grams of the precious metal was sold at Rs 60,760.
Silver price fell by Rs 500, one kilogram of the precious metal was sold at Rs 74,100.
The price of 22 carat gold also increased by Rs 250, the yellow metal was sold at Rs 55,700.
The price of ten grams of 24 carat gold in Mumbai is Rs 60,760, in line with the prices of Kolkata and Hyderabad.
The price of ten grams of 24 carat gold varies in Delhi, Bengaluru and Chennai which are Rs 60,910, Rs 60,760 and Rs 60,930 respectively.
The price of ten grams of 22 carat gold in Mumbai is Rs 55,700, equal to Kolkata and Hyderabad.
In Delhi, Bengaluru and Chennai, ten grams of 22 carat gold is being sold at Rs 55,850, Rs 55,700 and Rs 55,850 respectively.
US gold prices hit a three-month peak on Friday and posted a second consecutive weekly gain as demand remained boosted by the Middle East conflict and expectations of a rate hike by the Federal Reserve.
Spot gold was steady at $1,973.99 an ounce by 0132 GMT, after hitting its highest level since July 20.
Spot silver fell 0.3 per cent to $22.97 an ounce, platinum fell 0.5 per cent to $885.97 and palladium fell 0.3 per cent to $1,109.55.
One kilogram of silver is currently trading at Rs 74,100 in Delhi and Mumbai.
