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The Tribune

India gold and silver prices edge lower on Saturday as 24K gold dips to Rs 1,45,850 per 10 grams

Gold prices in India slipped slightly on Saturday, with 24K gold at Rs 1,45,850 per 10 grams, down Rs 10 from the previous day, while silver fell Rs 100 to Rs 2,49,900 per kilogram. Overseas prices also eased, with spot gold down 0.5% to USD 4,189.26 per ounce and US August gold futures down 0.9%. The moves came as a stronger dollar and hawkish signals from the US Federal Reserve weighed on non-yielding assets. India’s gold imports also dropped by nearly 70% after the customs levy was raised to 15%, according to Finance Ministry data.
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