Gold, Silver Prices Today: Gold slips Rs 255/10 gm, silver crashes Rs 1,193/kg

Gold, Silver Rates Today News Updates: Gold and silver costs in key spot markets of the nation opened on Monday, April 25, 2022.

The opening worth for 999 purity gold was Rs 52,219 per 10 grams, down Rs 255 from Friday’s closing worth of Rs 52,474, whereas that of 999 purity silver was Rs 65,492 per kg, down Rs 1,193 from Rs 66,685, the info obtainable on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

On the Multi Commodity Exchange of India (MCX), the gold contract for June supply was buying and selling at Rs 51,800.00 per 10 grams, down Rs 461.00 (0.88 per cent) at 4:19 pm whereas the silver contract for May supply was at Rs 64,982.00, down Rs 1,564.00 (2.35 per cent).

Bullion
Purity
Opening worth (Rs)
Previous shut (Rs)
Gold
999
52,219
52,474

995
52,010
52,264

916
47,833
48,066

750
39,164
39,356

585
30,548
30,697
Silver
999
65,492
66,685
Source: India Bullion and Jewellers Association (IBJA)

In the worldwide market, gold costs slipped to their lowest in 4 weeks on Monday as prospects of aggressive coverage tightening by the US Federal Reserve and a stronger greenback dented the valuable metallic’s attraction, information company Reuters reported.

Spot gold fell 0.7 per cent to $1,916.17 per ounce, earlier hitting its lowest since March 29 at $1,911.80. US gold futures have been 0.9 per cent decrease at $1,917.60, the report stated.