In Mumbai, the price of 10 grams of 22-carat stood surged by Rs 250 at Rs 47,250, whereas the price of 10 grams of 24-carat of yellow metal advanced by Rs 320 to Rs 51,930, compared to Rs 52,150 in the previous session.
Similarly, in Bengaluru, the price of 10 grams of 22-carat advanced by Rs 250 to Rs 47,300, whereas the price of 10 grams of 24-carat gold surged by Rs 270 to Rs 51,600.
In Chennai, the price of 10 grams of 22-carat gold surged by Rs 50 to Rs 48,050, whereas the price of 10 grams of 24-carat gold slipped by Rs 20 to Rs 52,420.
Notably, in the international market, the gold price surged 0.7 per cent at $1,747 per ounce at 1743 GMT. For the past six sessions, gold has been trading lower to hit $1,727, the lowest since July 27, as per Reuters data.
Meanwhile, spot silver was trading 0.5 per cent higher to $19.10 per ounce.
Tapan Patel, Senior Analyst (Commodities) at HDFC Securities says, “Gold prices recovered on weaker dollar and ease in US bond yields.”
(With inputs from PTI)