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Home INTERNATIONAL Gold price hovers at Rs 48,450 for every 10 gm, silver climbs...

Gold price hovers at Rs 48,450 for every 10 gm, silver climbs to Rs 48,500 a kg

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Gold selling prices on Monday rose to Rs 48,450 from Rs 48,401 for each 10 gram, while silver climbed to Rs 48,500 from Rs 48,110 for every kilogram on Saturday, according to Fantastic Returns website.&#13
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Gold jewelry price differs across India, the second-premier client of the metal, due to excise duty, condition taxes, and generating costs.&#13
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In New Delhi, the price of 22-carat gold is keeping continual at Rs 47,250 for every 10 gram, although in Chennai it is Rs 46,450. In Mumbai, the rate is Rs 48,300, in accordance to the Excellent Returns internet site. The price of 24-carat gold price ranges in Chennai is Rs 50,626.&#13
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On MCX, August gold futures fell .13 for every cent to Rs 48,244 for every 10 gram. Silver July futures also collapsed by .50 for every cent to Rs 48,123 for every kilogram. MCX has made the decision to settle for gold and silver bars refined at domestic refineries for deliveries, matter to ultimate regulatory approval.&#13
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On Monday, Gold rates in the nationwide capital went down marginally by Rs 26 to Rs 49,245 for every 10 gram on Monday, according to HDFC Securities. “Spot gold price ranges for 24 carat in Delhi had been buying and selling marginally down by Rs 26 with weak rupee appreciation,” HDFC Securities Senior Analyst (Commodities) Tapan Patel mentioned.&#13
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The rupee settled 7 paise larger at 75.58 (provisional) towards the US dollar on Monday. In the intercontinental market, both of those gold and silver have been investing flat at USD 1,769.67 for each ounce and USD 17.81 for every ounce, respectively.&#13
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Gold has proved to be a safe bet versus a slowing global economic system due to the rising quantity of coronavirus (Covid-19) situations and geopolitical tensions with China. Gold has proved to be the only asset course in these uncertain situations to offer 23 per cent returns in the 1st fifty percent of calendar 2020 and a staggering 41.6 for each cent in the last one particular yr. Because its stage of Rs 27,840 for every 10g in January 2017, gold investors have become richer by 72.6 for each cent.&#13
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In intercontinental markets, gold rates reported a attain of 16.7 for every cent in the very first fifty percent of calendar 2020. Gold price in the London spot market is at this time quoting at $1771.3 an oz, a increase of phenomenal 47.6 for each cent due to the fact Oct 2018 and 25.7 per cent in one particular 12 months.&#13

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