In Delhi, Bengaluru and Chennai, the price of ten grams of 22-carat gold stood at Rs 60,760, 60,610 and 61,360 respectively.
The price of 24-karat gold rose by Rs 10 in early trade on Friday, with ten grams of the yellow metal trading at Rs 66,120, according to the Good return website. The price of silver rose Rs 100, with one kilogram of the precious metal selling for Rs 77,100.
The price of 22-carat gold also rose by Rs 10, while the precious metal was sold at Rs 60,610.
The price of ten grams of 24-carat gold in Mumbai at Rs 66,120 is in line with the prices in Kolkata and Hyderabad.
In Delhi, Bengaluru and Chennai, the price of ten grams of 24-carat gold stood at Rs 66,270, Rs 66,120 and Rs 66,940 respectively.
In Mumbai, the price of ten grams of 22-carat gold is comparable to that in Kolkata and Hyderabad at Rs 60,610.
In Delhi, Bengaluru and Chennai, the price of ten grams of 22-carat gold stood at Rs 60,760, 60,610 and 61,360 respectively.
U.S. gold prices fell for the first time in four weeks on Friday as surprisingly high U.S. inflation data suggested the Federal Reserve could reduce the number of rate cuts this year and extend the first cut beyond June.
Spot gold rose 0.1 percent to $2,162.66 an ounce as of 0144 GMT, but is on track to post a weekly decline of more than 0.5 percent, the first since mid-February.
US gold futures were steady at $2,167.00.
Platinum fell 0.2 percent to $926.10 an ounce, palladium fell 1 percent to $1,058.53, while silver rose 0.4 percent to $24.93. All three metals were poised for weekly gains.
The price of one kilogram of silver in Delhi, Mumbai and Kolkata was Rs 77,100.
One kilogram of silver was trading at Rs 80,100 in Chennai.
(with input from Reuters)
First print: March 15, 2024 | 8:03 am IST