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Gold, silver costs fall; yellow metallic buying and selling at Rs 50,730 per 10 gram

Gold costs fell by Rs 430 as in comparison with yesterday. Ten gram of 24-carat gold is at present buying and selling at Rs 50,730, whereas, it was buying and selling at Rs 51,160 on Friday. Ten gram of 22-carat gold, then again, has been promoting at Rs 46,500 after a fall of Rs 400.

Silver costs too, suffered losses in commerce. One kg of silver is at present buying and selling at Rs 55,000 after witnessing a fall of Rs 2,000 as in comparison with earlier day’s price.

Within the US, gold slipped on Friday and was headed for a fifth consecutive weekly loss, knocked down by the greenback’s general energy amid prospects of steep price hikes by the US Federal Reserve. Gold is taken into account an inflation hedge, however price hikes elevate the chance value of holding non-yielding bullion.

In Delhi, Mumbai, and Kolkata, 10 gram of 24-carat gold is promoting at Rs 50,730. Whereas, 10 gram of 22-carat gold is promoting at Rs 46,500.

In Chennai, ten gram of 24-carat gold and 22-carat gold are at present promoting at Rs 50,580 and Rs 46,360, respectively.

In Delhi, Mumbai, and Kolkata, 1 kg of silver is promoting at Rs 55,000. In Chennai, one kg of silver is buying and selling at Rs 60,400.

Spot gold fell 0.3% to $1,704.30 per ounce by 1750 GMT, and has misplaced round 2.2% up to now this week. Silver was up 1.5% at $18.65 per ounce, however was headed for a weekly decline

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