Gold price today in India: Rs 30,000 mark crossed even as yellow metal slips globally
Gold price today in India: Summary: 22 karat gold of 10 gram was valued by Rs 30,080 - up by Rs 110 as compared to it's previous day price of Rs 29,970.
The trend in global gold price was slightly negative on Wednesday, but this failed to impact prices of Indian yellow metal, as 22 karat gold of 10 gram regained over Rs 30,000-mark during the day.
Data given by GoodReturns.in showed that on February 28, 22 karat gold of 10 gram was valued by Rs 30,080, up by Rs 110 as compared to the previous day price of Rs 29,970.
100 gram gold in 22 karat surged by Rs 1,100 to Rs 3,00,800 on Wednesday, as against Rs 2,99,700 of the previous day.
Meanwhile, the price of 24 karat gold in 10 gram and 100 gram saw much higher increase during the day.
24 karat gold of 10 gram was available at Rs 32,814, higher by Rs 120 as against previous day price of Rs 32,694.
24 karat gold in 100 gram increased by Rs 1,200 and was valued at Rs 3,28,140 versus previous day price of Rs 3,26,940.
Here's a list of gold rates in major Indian cities.
There was no change in silver price as 1 KG continued to remain at Rs 41,600 as against previous day price.
Moreover, Spot gold slipped to $1,316.86 an ounce, not far from Tuesday`s $1,313.26, which was the lowest in three weeks.
A Reuters report stated that April US gold futures settled down $14.20, or 1.1 percent, at $1,318.60 per ounce.
"The dollar added to gains against the euro, the yen and a basket of major currencies and gold prices fell as Powell`s comments were in general positive for the greenback, said Brad Bechtel, managing director of FX at Jefferies, in New York," it added.
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