Gold in India extends gains on back of positive global prices

On the lines of global price trend, India gold and silver prices on Friday continued their positive momentum. 
 
In India, 24 karat gold of 10 gram was priced at Rs 32,770, up by Rs 349, compared to previous day price of Rs 32,421, as per data given by good returns. 
 
Also, 24 karat gold of 100 gram saw uptrend, as it was valued at Rs  3,27,700 - higher by Rs 3,490 as against previous day price of Rs 3,24,210. 
 
While 22 karat gold of 10 gram, as per the data, was valued at Rs 30,040, increasing by Rs 320, if compared with previous day price of Rs 29,720. 
 
Similarly, 22 karat gold of 100 gram was available at Rs 3,00,400 - up by Rs 3,200 from previous day price of Rs 2,97,200. 
 
Gold prices in India are given for 24 karat and 22 karat gold given in rupees per 10 grams.
 
MCX provides data for 24 karat (999.9 purity) gold price only. 
 
Here's a list of gold rates today in major cities.

 
 
Meanwhile, silver price surged by Rs 400 on the day, as it was valued at Rs 41,800 in 1 KG. During the previous day, silver price stood at Rs 41,400. 
 
Spot gold was largely unchanged at $1,353.51 an ounce at 0125 GMT, after touching a three-week high of $1,357.08 the session before.
 
This metal is up 2.7% so far this week, set for its strongest weekly performance since the week of April 29, 2016.
 
A Reuters report stated that gold prices held firm on Friday to remain on track for their biggest weekly percentage gain in nearly two years, buoyed by a weaker US dollar and as investors looked to hedge against inflation.