Gold, Silver Prices Today: Gold slips Rs 947/10 gm, silver declines Rs 2,062/kg

Gold, Silver Rates Today News Updates: Gold and silver costs in key spot markets of the nation opened decrease on Wednesday, April 20, 2022.

The opening value for 999 purity gold was Rs 52,552 per 10 grams, down Rs 947 from Tuesday’s closing value of Rs 53,499, whereas that of 999 purity silver was Rs 68,282 per kg, down Rs 2,062 from Rs 70,344, 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 52,375.00 per 10 grams, down Rs 374.00 (0.71 per cent) at 12:15 pm whereas the silver contract for May supply was at Rs 68,110.00, down Rs 660.00 (0.96 per cent).

Bullion
Purity
Opening value (Rs)
Previous shut (Rs)
Gold
999
52,552
53,499

995
52,342
53,285

916
48,138
49,005

750
39,414
40,124

585
30,743
31,297
Silver
999
68,282
70,344
Source: India Bullion and Jewellers Association (IBJA)

In the worldwide market, gold costs fell on Wednesday to their lowest in additional than per week, as an elevated US greenback and treasury yields continued to weigh on demand for bullion, Reuters reported earlier within the day.

Spot gold was down 0.3 per cent at $1,944.06 per ounce, after hitting its lowest since April 11. US gold futures fell 0.7 per cent to $1,944.80, the report mentioned.