Gold prices held steady on Monday as higher US Treasury yields offset safe-haven buying sentiment due to an Omicron-driven surge in Covid cases globally.
The price of gold varies across the country due to excise duty, state taxes, and making charges.
Spot gold was last up 0.7% at $1,827.51 per ounce by 1:46 p.m. ET, after hitting a peak since Nov. 22 at $1,827.26 on Friday, helped by a retreat in the dollar and global equities
The price of 10 gram of gold increased by Rs 250 on Saturday while the rate of 1 kg of silver increased by Rs 600
The price of 10 gram of gold decreased by Rs 250 today while the rate of 1 kg of silver decreased by Rs 900
Gold prices have declined more than 4% so far this year after rising 48% over the previous two years, as the global economic recovery reduced demand for the safe-haven metal
Gold prices rose in thin trade on Thursday, giving up earlier losses as the US Treasury yields eased from one-month highs
Rising inflation tends to drive gold demand. Gold is perceived as a strong hedge against inflation and decades of data supports this assumption, says an analyst
Gold prices have fallen about 5% in 2021, the most since 2015, as economies recovered from the impact of the pandemic, reducing demand for safe-haven bullion
Gold prices are likely to continue to rise in the medium-term amid inflation worries and uncertainty over the Omicron variant of coronavirus
The price of 24-carat gold for 10 gram increased by Rs 790 while the rate of silver remained unchanged today
The rate of 10 gram of gold decreased by Rs 20 on Wednesday while the price of silver increased by Rs 200 per kg
Gold prices are on track for their biggest yearly decline since 2015, having fallen nearly 5% so far
Limiting gains in safe-haven bullion, shares in Europe and Asia edged higher on Tuesday, helped by another record-setting day on Wall Street
Spot gold was down 0.1% at $1,809.68 per ounce by 0457 GMT
The price of 10 gram of gold decreased by Rs 70 on Tuesday while the rate of silver remained unchanged
Gold prices reversed course to approach a one-week peak on Monday, as renewed risks to global economic growth from rising cases of Omicron
Spot gold was 0.1% down at $1,806.03 an ounce by 1150 GMT but remained above the $1,800 reached last week. U.S. gold futures slipped 0.3% to $1,806.50.
The price of 10 gm of gold increased by Rs 10 on Monday while the rate of silver remained unchanged
The rate of gold remained unchanged on Saturday while the price of 1 kg silver increased by Rs 100