Gold, silver unchanged at the start of the session; yellow metal sold at Rs 51,110


Gold and silver were unchanged in early trading on Friday, as 10 grams of 24-karat gold of the yellow metal traded at Rs 51,110. Meanwhile, 10 grams of 22-karat gold is selling at Rs 46,850 on Friday. Silver is selling at Rs 57,000 per kg on Friday.

Gold strengthened on Friday as the dollar eased slightly off two-decade highs, but bullion is expected to post its biggest weekly decline in more than a month as the high greenback hit demand. Spot gold strengthened 0.3% to $1,744.07 an ounce at 0106 GMT. U.S. gold futures rose 0.2% to $1,742.50.

Spot silver rose 0.5% to $19.28 an ounce.

Gold prices have lost around 3.7% this week. This will likely be their fourth straight weekly drop, and the worst since mid-May.

In Delhi, Mumbai, Kerala, Hyderabad and Kolkata, 10 grams of 24 karat gold sells for Rs 51,110. While ten grams of 22 karat gold trades for Rs 46,850 in Delhi, Mumbai, Kerala, Hyderabad and Kolkata .

In Chennai, 10 grams of 24 karat gold and 22 karat gold sell for Rs 50,970 and Rs 47,720 respectively.

In Delhi, Mumbai and Kolkata, 1 kg of silver is currently selling at Rs 57,000. While in Chennai, 1 kg of silver is trading at Rs 62,200.

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