Gold, Silver Prices Today: Gold slips Rs 51/10 gm, silver climbs Rs 235/kg

Gold, Silver Rates Today News Updates: The worth of gold opened marginally decrease whereas that of silver rose in the important thing spot markets on Wednesday, June 8, 2022.

The opening worth for 999 purity gold was Rs 51,038 per 10 grams, down Rs 51 from Tuesday’s closing worth of Rs 51,089, whereas that of 999 purity silver was Rs 62,287 per kg, up Rs 235 from Rs 62,052, the information accessible on India Bullion and Jewellers Association’s (IBJA) web site confirmed.

Bullion
Purity
Opening worth (Rs)
Previous shut (Rs)
Gold
999
51,038
51,089

995
50,834
50,884

916
46,751
46,798

750
38,279
38,317

585
29,857
29,887
Silver
999
62,287
62,052
Source: India Bullion and Jewellers Association (IBJA)

On the Multi Commodity Exchange of India (MCX), the gold contract for August supply was buying and selling at Rs 50,890.00 per 10 grams, down Rs 78.00 (0.15 per cent) at 12:50 pm whereas the silver contract for July supply was at Rs 62,205.00, down Rs 38.00 (0.06 per cent).

In the worldwide market, gold costs fell on Wednesday because the US greenback and Treasury yields bounced again, with buyers looking forward to US inflation knowledge for extra route on rates of interest, information company Reuters reported.

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Spot gold was down 0.2 per cent at $1,848.15 per ounce, as of 0443 GMT, whereas US gold futures fell 0.1 per cent to $1,850.30, the report mentioned.