Gold rates were trading higher in India on Friday, even as global prices remained steady as investors looking forward to Fed chief Jerome Powell’s speech.
Gold October futures on Multi Commodity Exchange (MCX), were trading rupees 161 or 0.34 percent up at rupees 47,398 per 10 gram, as against the previous session of rupees 47,237.
Similarly, Silver September futures were up by rupees 175 or 0.28 percent at rupees 62,898 per kg, silver futures closes at rupees 62,723 inthe previous session.
As per the Goodreturns website, gold price for 22-carat in national capital Delhi is rupees 46,340 per 10 grams and rupees 50,550 per 10 grams of 24-carat.
In Mumbai, gold was retailing at rupees 46,210 per 10 grams of 22-carat and rupees 47,210 per 10 grams of 24-carat.
In Chennai and Kolkata, 22-carat gold was retailing at rupees 44,840 and rupees 46,590 per grams, respectively.
While 24-carat gold was at rupees 48,920 per 10 grams in Chennai and rupees 49,290 per 10 grams in Kolkata
On the global side, the Spot gold surged 0.1 percent to USD 1,793 per ounce and US gold futures breached 0.1 percent to USD 1,796.