Gold is trading at Rs 53,890 for 10 grams; silver at Rs 71,000 per kg

Ten grams of 24-karat gold is selling at Rs 53,890 on Tuesday, rising by Rs 1,090 from the last trading session as investor fears grow around the world over inflation and slowing growth economic because of the war in Ukraine.

Ten grams of 22-karat gold is selling for Rs 49,400, rising by Rs 1,000 from Monday. One kilogram of silver sells for Rs 71,000, increasing by Rs 1,000.

In Delhi and Mumbai, the price of 10 grams of 24 karat gold stands at Rs 53,890. The price of ten grams of 22 karat gold in Delhi and Mumbai is Rs 49,400.

24 karat gold is selling at Rs 55,320 in Chennai on Tuesday, while 10 grams is selling at Rs 50,710. In Kolkata, 24 karat gold is selling at Rs 53,890, while the gold price 22 carats is at Rs 49,400.

The rate for gold jewelry varies across the country due to excise duties, state taxes, and manufacturing fees.

In Chennai, 1 kg of silver is trading at a price of Rs 75,700 on Monday, while in Delhi and Mumbai, the metal is selling at Rs 71,000. The price is Rs 71,000 in Kolkata.

Oil and other commodity prices soared as global stocks fell on Monday as the United States said it was ready to ban imports of Russian oil, stoking investor fears over the inflation and slowing economic growth.

Brent crude, the international benchmark, briefly hit over $139 a barrel, its highest level since 2008. Nickel prices soared 90%, gold broke through $2,000 an ounce and wheat hit a 14-year high as industrial buyers and traders rushed amid supply. disruptions related to Russia’s invasion of Ukraine, Reuters said.

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