On Friday, gold rose by Rs 10 to Rs 49,410 per 10 grams. On Thursday, 24-carat gold was Rs 49,400 per 10 grams. The price of 22-carat gold today is Rs 48,410 per 10 grams, while it was priced at Rs 48,400 per 10 grams according to good returns a day earlier.
The price of 22-carat gold in Delhi and Mumbai is Rs 48,360 and Rs 48,410. On the other hand, the price of 24-carat gold in these two cities is Rs 52,750 (Delhi) and Rs 49,410 (Mumbai).
In Chennai, 24 carats and 22 carat gold come at a price of Rs 51,880 and Rs 47,560. The price of 22 carat and 24 carat gold in Kolkata is Rs 48,950 and Rs 51,650.
In Bengaluru, 22 carat gold can be purchased today for Rs 46,490, while the 24 carat yellow metal costs Rs 2,230. The price of 22 carat and 24 carat gold in Hyderabad is Rs 47,560 and Rs 51,880.
In Ahmedabad and Lucknow 22 carat gold is priced at Rs 48,410 and Rs 48,360, while 24 carat is priced at Rs 51,860 and Rs 52,750.
On Thursday, gold fell by Rs 6,613 to close at Rs 49,638 per 10 gram on the Multi-Commodity Exchange (MCX). October gold futures also fell 0.45 percent to Rs 49,293 per 10 grams. According to the news website, gold has become cheaper by about Rs 2,500 per 10 grams in the last four days.
The strengthening of the US dollar has led to a fall in gold prices globally. The price reached Rs 56,200 last month and since then it has come down by about Rs 6,000.
However, the price of gold is expected to rise in India in view of the festive season. India ranks second in terms of gold consumption, while China is at the top position.
Silver price today rose to Rs 2,700 per kg, from Rs 57,000 per kg on Thursday to Rs 59,700 per kg on Friday.