Gold price in India today: 24 karat, 22 karat rise as UK-Russia fracas leads to safe haven bids globally
24 karat gold today was trading at Rs 31,940, up by Rs 140, compared to its previous day performance when it stood at just Rs 31,800.
Gold price in India revived today as both 24 karat and 22 karat yellow metal saw positive trending since the start of trading session. The boost in the country's gold prices was led by steady global prices as political tensions between the United Kingdom and Russia supported safe haven bids despite a firmer dollar, with markets also eyeing a possible US rate hike next week.
24 karat gold today was trading at Rs 31,940, up by Rs 140, compared to its previous day performance when it stood at just Rs 31,800. Meanwhile, 100 gram in 24 karat jumped by Rs 1400 and was available at Rs 3,19,400 compared to previous day price of Rs 3,18,000. Also, 1 gram and 8 gram in 24 karat were up by Rs 14 and Rs 112 respectively.
22 karat gold for 10 gram was valued at Rs 29,860, higher by Rs 10, compared to its previous day price of Rs 29,850. However, a 100 gram in the same karat is priced at Rs 2,98,600, up by Rs 100, against previous day price of Rs 2,98,500. 1 gram and 8 gram in 22 karat surged by Rs 1 and Rs 8 respectively during the day.
Here's a list of gold rates in major cities of India, as per GoodReturns.In.
Meanwhile, silver price remained unchanged today as 1 kg was priced at Rs 41,400 and 100 gram silver stood at Rs 4,140. Also 1 gram, 8 gram and 10 gram silver in India remained the same at Rs 41.40, Rs 331.20 and Rs 414 respectively.
Moreover, spot gold was unchanged at $1,315.80 per ounce at 0100 GMT. This week, Spot gold has fallen 0.6%. Also, US gold futures for April delivery fell 0.2% to $1,315.80 per ounce.
In the previous session, gold prices fell 0.7% under pressure from a stronger US dollar.
Meantime, the dollar rose versus a currency basket as traders, awaiting next week`s Federal Reserve meeting eyed data that showed the number of Americans filing for unemployment benefits fell last week, said a Reuters report.