Gold prices on Sunday in most Indian cities including Delhi, Patna, Lucknow, Kolkata, and Kanpur, among other cities, increased slightly, reports Zee News.
The hike was seen in both the variants of the gold: 22 and 24-carat. For instance, the price of 10 grams of 24-carat gold in India stood at Rs 51,230. On the other hand, the rate of 10 grams of 22-carat gold was Rs 46,960.
On Friday, gold successfully recorded its first weekly rise in six weeks on global markets. Since the dollar has fallen and US Treasury yields have decreased, gold has become a safe haven in the face of ongoing economic uncertainty.
Spot gold climbed 0.2 per cent to $1,721.29 per ounce as of 2:21 pm EDT (1821 GMT). According to a Reuters report, it had significantly recovered from a more than one-year low of $1,680.25 on Thursday and was up about 1.0 per cent this week.
Gold slightly expensive in India
FE Team | Published: July 24, 2022 23:02:27
Gold slightly expensive in India
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