Gold and silver prices remained expensive in many areas of India on Saturday. Has exceeded more than 10 grams of gold in 24 carats 53,000 points, while 1 kg silver sold up 67,000 in the country.
In India, 10 grams Sleep sold at 24 carats over 53,020 390 from the previous day of 52,630. Meanwhile, the same carat is available at 100 grams up 5,30,200 3,900 from the previous day of 5,26,300.
Sold as 10 grams in 22 carats 48,600 up 350 from the previous day of 48,250, while 100 grams at . is Growing to 4,86,000 to 3,500 4,82,500 of the previous day.
According to the Good Returns website, 24 carat gold is sold in major cities at 53,660 in cities like Chennai, Coimbatore and Madurai. while the yellow metal was sold in 53,170 in cities like Jaipur, Lucknow and Chandigarh.
Meanwhile, the shiny metal was on 53,120 in cities like Pune, Vadodara, Patna, Nagpur and Nashik. were worth 53,020 in Mumbai, Kolkata, Delhi, Bangalore, Hyderabad, Kerala, Vijayawada, Bhubaneshwar, Mangalore, Visakhapatnam and Mysore. At the same time, the price of gold in Ahmedabad and Surat is 53,070.
Also, the price of silver in 1 kg 300 to 67,100 from the previous day 66,800. While the prices of 100 grams and 10 grams increased 6,710 more 670 respectively.
On Friday, on the Multi Commodity Exchange (MCX), gold maturing on June 3 closed on futures. by 52,099 up 202 or 0.39%. from yellow metal 51,681 more 52,197 during the day.
Silver futures maturing on May 5 in the exchange closed with a rise in prices by 267 or 0.40% ranging from 67,032 66371-67080 in trading hours.
On an expected line, RBI, in the first bi-monthly monetary policy of FY23, decided to keep the repo rate unchanged at 4%, while maintaining a lenient stance, however, it restored liquidity corridor conditions at pre-pandemic levels. done. With the rise in commodity prices coupled with a jump in oil prices due to geopolitical tensions, the RBI now expects a slowdown in economic growth while inflation sees a further rise. The current policy approach is adamant and makes sense given inflationary pressures globally.
On inflation, the RBI expects the consumer price index to be 5.7% in 2022-23, with Q1 at 6.3%; Q2 at 5.8%; Q3 at 5.4%; and Q4 at 5.1%. While real GDP growth for 2022-23 is now projected at 7.2%, with Q1 at 16.2%; Q2 at 6.2%; Q3 at 4.1%; And Q4 at 4%, with broadly balanced risks.
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