Business Standard

Gold continues upward trend at Rs 51,160, Silver crosses Rs 61,000 mark

In New Delhi, the price of 22-carat gold rose to Rs 49,960 per 10 gram, and in Chennai to Rs 49,910

gold
Premium

The jewellery industry is expecting the consumer demand for gold to falter further amid surging prices of the precious metal and economic slowdown.

BS Web Team New Delhi
Gold prices jumped on Monday to Rs 51,160 from Rs 51,150 per 10 gram, while silver climbed to Rs 61,210 from Rs 61,200 per kilogram, according to Good Returns website.

Gold jewellery prices vary across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making charges.

In New Delhi, the price of 22-carat gold rose to Rs 49,960 per 10 gram, and in Chennai to Rs 49,910. In Mumbai, the rate was Rs 48,700, according to the Good Returns website. The price of 24-carat gold prices in Chennai was at Rs 53,480. 

On MCX, August

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in