Gold price in India today reverses trend; 24 karat yellow metal is at Rs 32,120
Gold saw a higher rise in 24 karat on Friday, as 10 gram yellow metal was available at Rs 32,120, up by Rs 120 versus previous day prices of Rs 32,000.
While global gold prices tumble today in the trading session, Indian yellow metal reversed the trend and gained by Rs 12 to Rs 1,200. In previous day session, gold prices in India were on a negative note in both 22 karat and 24 karat gold.
22 karat: Data given by GoodReturns.In stated today that 22 karat gold in 10 gram surged by Rs 110 and was available at Rs 30,030 compared to previous day price of Rs 29,920. While 100 gram in this category was valued at Rs 3,00,300 on the day, higher by Rs 1,100 as against previous day prices of Rs 2,99,200. Also 1 gram and 8 gram gold in this indicator saw uptrend.
24 karat: Gold saw slightly higher rise in this karat on Friday, as 10 gram yellow metal was available at Rs 32,120, up by Rs 120 versus previous day prices of Rs 32,000. While 100 gram gold in 24 karat increased by Rs 1,200 and was sold at Rs 3,21,200 compared to earlier day price of Rs 3,20,000. Rise was also recorded in 1 gram and 8 gram gold in this karat.
Here's a list of gold rates in major Indian cities, as per the data.
With the gold prices witnessing uptick, prices of silver too faced heat, as 1 kg of this metal was valued at Rs 41,500 down by Rs 400 compared to previous day price of Rs 41,900. Also, 100 gram of silver declined by Rs 40 to Rs 4,150 from its previous day price of Rs 4,190.
Spot gold was down 0.4% at $1,320.67 per ounce. This was due to global stocks seeing positive momentum on North Korean leader Kim Jong Un offer to stop nuclear and missile testing, and US President Donald Trump’s nod to a meeting that could come before May.