Gold, Silver Prices Today: Gold inches up Rs 7/10 gm, silver slips Rs 178/kg

Gold, Silver Rates Today News Updates: Prices of gold in the important thing spot markets of the nation opened marginally increased whereas that of silver slipped on Monday, May 9, 2022.

The opening value for 999 purity gold was Rs 51,699 per 10 grams, up Rs 7 from Friday’s closing value of Rs 51,692, whereas that of 999 purity silver was Rs 62,352 per kg, down Rs 178 from Rs 62,530, the info out there 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 51,061.00 per 10 grams, down Rs 282.00 (0.55 per cent) at 3:47 pm whereas the silver contract for July supply was at Rs 61,930.00, down Rs 618.00 (0.99 per cent).

Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
51,699
51,692

995
51,492
51,485

916
47,356
47,350

750
38,774
38,769

585
30,244
30,240
Silver
999
62,352
62,530
Source: India Bullion and Jewellers Association (IBJA)

In the worldwide markets, gold costs retreated 1 per cent on Monday as a firmer greenback and elevated US Treasury yields weighed on the enchantment of non-yielding bullion, information company Reuters reported.

Spot gold was down 1 per cent at $1,864.43 per ounce by 0936 GMT. US gold futures additionally fell 1 per cent to $1,873.20, the report mentioned.