Gold prices drop to Rs 47,386 per 10 gram as dollar recovers; silver slips by Rs 111 a kg
The gold-silver ratio currently stands at 69.30 to 1, which means the number of silver ounces required to buy one ounce of gold.
Mumbai / February 12, 2021 / 07:00 PM IST
Gold prices fell sharply by Rs 582 to hit Rs 47,386 per 10 gram in the Mumbai retail market on rupee appreciation and weak global cues. The yellow metal took a dip as the dollar recovers and US treasury yields surge.
However, the bullion metal ended the week with a gain of Rs 149 or 032 percent in the domestic market.
The rate of 10 gram 22-carat gold in Mumbai was Rs 43,406 plus 3 percent GST, while 24-carat 10 gram was Rs 47,386 plus GST. The 18-carat gold quoted at Rs 35,540 plus GST in the retail market.