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In international markets, Gold prices climbed on Thursday, aided by growing U.S. inflationary pressure,
Gold, silver price today: Gold futures for delivery in June fell as much as 0.33 per cent to hit an intraday low of Rs 48,512 per 10 grams. In spot market, fine gold or 24 carat gold was sold at Rs 48,180 per 10 grams, 22 carat gold was priced at Rs 46,540 per 10 grams, gold with 18 carat purity was sold at Rs 38,540 and 14 carat gold was retailed at Rs 32,040 per 10 grams, according to India Bullion and Jewellers Association.
In international markets, Gold prices climbed on Thursday, aided by growing U.S. inflationary pressure, although gains were curbed as the dollar rebounded and U.S. Treasury yields rose after Federal Reserve policymakers hinted at a possible shift in future policy.
Spot gold was up 0.4 per cent at $1,877.15 per ounce by 8:07 am. US gold futures eased 0.2 per cent to $1,877.50.
Gold prices rose more than 1 per cent on Wednesday to their highest since Jan. 8, but pared most of the gains as the dollar index bounced off from a near three-month low and benchmark U.S. Treasury yields rose to a near one-week high after the Fed minutes.
Back home, silver futures for delivery in July dropped as much as 0.5 per cent to hit an intraday low of Rs 72,012. In sot market, silver was priced at Rs 71,100 per kilogram. in international market, palladium gained 1 per cent to $2,895.86 per ounce, silver was steady at $27.76, while platinum edged 0.2 per cent higher to $1,193.08.
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