 "gold, precious metal, gold ingot, gold brick")
Gold price rose Rs 600 during Saturday's early trade with 10 grams of the yellow metal (24-carat) trading at Rs 61,800, according to the GoodReturns website. Silver prices surged Rs 1,600 with 1 kg of the precious metal selling at Rs 79,600.
The price of ten grams of 22-carat gold rose by Rs 550 to Rs 56,650.
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 61,800.
The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 61,950, Rs 61,850, and Rs 62,500, 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 56,650.
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The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai is Rs 56,800, Rs 56,700, and Rs 57,300, respectively.
US gold prices pulled back sharply on Friday after surging to a more than one-year peak in the last session, as the dollar bounced and a Federal Reserve official flagged the need for another interest rate hike.
Spot gold was down 1.8 per cent at $2,003.60 per ounce by 01:52 EDT (17:51 GMT). US gold futures settled 1.9 per cent lower at $2,015.80.
The dollar index bounced off a one-year low and Treasury yields rose after a key Fed official warned that the central bank needs to continue hiking rates to tame inflation.
Gold competes with the dollar as a safe haven amid economic or political turmoil, while gains in the US currency also dim appetite for bullion among overseas buyers.
(with inputs from Reuters)
