21.7 C
New York
Friday, July 30, 2021

Gold price today at Rs 47,120 per 10 gm, silver trending at Rs 66,600 a kg

Must read

Share market update: Most active stocks of the day in terms of total traded value

NEW DELHI: Tech Mahindra (Rs. 1214.64 crore), Tata Steel (Rs. 641.87 crore), Deepak Nitrite (Rs. 517.24 crore), SBI (Rs. 432.65 crore), HCL Tech (Rs....

OKB (OKB): Price Updates, Recent Developments, Community, Future Events

Cryptocurrency13 minutes ago (Jul 30, 2021 12:30AM ET) OKB (OKB): Price Updates, Recent Developments, Community, Future Events OKB, the utility token of OKEx, has had an...

China asks trust firms to clean up non-finance units and businesses

Sign In/Free Sign Up 0 Stock Markets13 minutes ago (Jul 30, 2021 12:30AM ET) (C) Reuters. BEIJING (Reuters) - China's banking and insurance regulator...

Share market update: Most active stocks on D-Street today in terms of volume

NEW DELHI: Suzlon Energy (number of shares traded: 7.48 crore), JP Power (number of shares traded: 5.79 crore), Trident Ltd (number of shares traded:...
gold loan

The rate of 22-carat gold in Mumbai is Rs 47,120


The price of 10 gm of 22-carat gold on Thursday slid to Rs 47,120 per from Rs 47,300 and silver tanked to Rs 66,600 per kg, according to the Good Returns website.


Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes.


In New Delhi, the price of 22-carat gold is down to Rs 47,050 per 10 gm. In Chennai, it dropped to Rs 45,300. The rate in Mumbai is Rs 47,120, according to the website.


Prices for 24-carat gold witnessed a decline of Rs 180 per 10 gram to Rs 48,120 on Thursday from Rs 48,300 in the previous trading session.


Silver fell by Rs 900 per kilogram to Rs 66,600 per kilogram from Rs 67,500 in the previous trade.


Indian rupee ended near the day’s high at 74.61 per dollar, amid selling was seen in the domestic equity market.


In the global market, gold dropped for a second straight session to its lowest level in more than a week on Wednesday, as risk appetite resumed with equities and US bond yields rebounding to curb safe-haven bullion bids.

Spot gold fell 0.4% to $1,803.11 per ounce by 12:34 pm EDT, having hit a low since July 12 of $1,793.59. U.S. gold futures settled 0.4% down at $1,803.40.

Surging Delta variant Covid-19 infections, which raised fears over a stalling global economic recovery, had weighed on risk sentiment and sparked an equities sell-off on Monday, but stocks and bond yields have since recovered, dimming safe-haven bullion’s appeal.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor




Read our full coverage on Gold Prices



First Published: Thu, July 22 2021. 06:20 IST

- Advertisement -

Latest article

Share market update: Most active stocks of the day in terms of total traded value

NEW DELHI: Tech Mahindra (Rs. 1214.64 crore), Tata Steel (Rs. 641.87 crore), Deepak Nitrite (Rs. 517.24 crore), SBI (Rs. 432.65 crore), HCL Tech (Rs....

OKB (OKB): Price Updates, Recent Developments, Community, Future Events

Cryptocurrency13 minutes ago (Jul 30, 2021 12:30AM ET) OKB (OKB): Price Updates, Recent Developments, Community, Future Events OKB, the utility token of OKEx, has had an...

China asks trust firms to clean up non-finance units and businesses

Sign In/Free Sign Up 0 Stock Markets13 minutes ago (Jul 30, 2021 12:30AM ET) (C) Reuters. BEIJING (Reuters) - China's banking and insurance regulator...

Share market update: Most active stocks on D-Street today in terms of volume

NEW DELHI: Suzlon Energy (number of shares traded: 7.48 crore), JP Power (number of shares traded: 5.79 crore), Trident Ltd (number of shares traded:...

Buy EPL, target price Rs 320: Motilal Oswal

Motilal Oswal has buy call on EPL with a target price of Rs 320. The current market price of EPL is Rs 249.95. Time...