Spot gold was down 0.2 per cent at $1,893.07 per ounce by 8:38 am.
Gold, Silver Price Today: Gold futures for supply in June fell as a lot as 0.53 per cent to hit an intraday low of Rs 48,325 per 10 grams on the Multi Commodity Exchange (MCX) as an uptick within the greenback and US Treasury yields weighed on the safe-haven steel. In spot market, positive gold with purity of 24 carats was bought at Rs 48,810 per 10 grams, 22 carat gold was retailed at Rs 48,615, 18 carat gold was bought at Rs 39,050 and 14 carat gold was priced at Rs 32,460 per 10 grams.
In worldwide markets, Gold costs edged decrease on Friday, as an uptick within the greenback and U.S. Treasury yields weighed on the safe-haven steel, whereas buyers awaited essential U.S. inflation knowledge due later within the day to gauge inflationary strain.
Spot gold was down 0.2 per cent at $1,893.07 per ounce by 8:38 am. Bullion has risen 0.7 per cent up to now this week, and was on monitor for its fourth straight weekly acquire.
US gold futures eased 0.1 per cent to $1,896.20.
The greenback index was up 0.1 per cent in opposition to rivals, whereas the U.S. 10-year Treasury yield rose to 1.617 per cent, aided by sturdy U.S. financial knowledge.
Back residence, silver futures for supply in July declined practically 1 per cent to hit an intraday low of Rs 71,090 per kilogram. In spot market, silver was retailed at Rs 70,650 per kilogram.
