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Gold price plunged Rs 380 from yesterday's close during Friday's early trade with 10 grams of 24-carat gold trading at Rs 60,980, according to the GoodReturns website. Meanwhile, silver prices fell by Rs 600, with 1 kg of the precious metal selling at Rs 76,490.
The price of ten grams of 22-carat gold fell by Rs 350 to Rs 55,900.
The price of ten grams of 24-carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 60,980.
The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 61,130, Rs 61,030, and Rs 61,640, respectively.
The price of ten grams of 22-carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 55,900.
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The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai is Rs 56,050, Rs 55,950, and Rs 56,500, respectively.
Gold prices pared some gains on Thursday ahead of a key US jobs report, but bullion was still on track for a weekly rise as weak US economic data spurred worries of a slowdown.
Spot gold was down 0.6 per cent to $2,009.07 per ounce by 2:53 pm EDT (18:53 GMT), while US gold futures for June delivery settled 0.5 per cent lower at $2,026.40.
The price of 1 kg of silver in Delhi, Mumbai, and Kolkata is Rs 76,490.
The price of 1 kg of silver in Bengaluru, Chennai, and Hyderabad is Rs 80,000.
Spot silver fell 0.2 per cent to $24.92 per ounce, while platinum rose 1 per cent to $1,007.21. Both metals were set for their fourth consecutive weekly gains.
(With Reuters inputs)
