Gold, Silver Prices on April 1: Gold and silver shine; check latest prices

Gold, Silver Prices Today: The price of ten grams of 24-carat gold hiked by Rs 490 from the trading price on Thursday, to Rs 52,470 on Friday. Meanwhile, the price of a kilogram of silver rises on April 1, selling at Rs 67,600. The price of ten grams of 22 carat gold in Mumbai, Delhi, and Kolkata stands at Rs 48,100 on Friday. The price for the same is Rs 48,340 in Chennai, and Rs 48,100 in Bengaluru.

The price for a kg of silver on April 1 is Rs 67,600 in most of the major cities – Delhi, Mumbai, and Kolkata – except Bengaluru, Chennai and Hyderabad, where it was at Rs 71,700 per kg.

One gram of 22-carat gold was at Rs 4,810 this morning while eight grams will cost Rs 38,480. Ten grams of the precious metal will set one back by Rs 48,100 while 100 grams costs Rs 4,81,000.

The rate of gold jewellery differs across the country due to taxes imposed by states, excise duty and varying making charges. Over the years, the shiny yellow metal had been a good bet against inflation and investors have looked at it as a valuable asset.

The price of silver in India is determined by change in prices internationally; it also depends on movement of the rupee against the dollar. If the rupee falls against its international counterpart and the prices remain consistent internationally, silver ends up becoming dearer.

Gold and silver prices today across major cities in the country: