Gold and silver costs right now: Gold drops Rs 105/10 gm, silver descends by Rs 509/kg

Gold, Silver Rates Today News Updates: Gold and silver costs opened decrease within the main spot markets, on Monday, June 20, 2022.

The 999 purity gold opened at Rs 51,064 per 10 grams, down Rs 105 from the Friday’s shut of Rs 51,169, whereas the worth of 999 purity silver was 61,067 per kg, falling Rs 509 from Rs 61,576, the date out there on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
51,064
51,169

995
50,860
50,964

916
46,775
46,871

750
38,298
38,377

585
29,872
29,934
Silver
999
61,067
61,576

Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India, the gold contract for August supply was buying and selling at Rs 50,828.00 per 10 grams, down Rs 6.00 (0.01 %), at 1:05 PM, whereas the silver contract for July supply was at Rs 60,765.00 per kg, down Rs 172.00 (0.28 %), at 1:07 PM.

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In the worldwide market, gold costs rose in uneven commerce on Monday, as a weaker greenback boosted bullion demand, with sparse buying and selling anticipated because of a US vacation, Reuters reported.

Spot gold firmed 0.2% to $1,843.57 per ounce by 0414 GMT, after falling as a lot as 0.3% earlier within the session. US gold futures gained 0.3% to $1,845.40, the report stated.