Gold in India sees uptrend on back of global prices as dollar weakens

Following the global price trend, India gold and silver prices on Thursday were trading on a positive note. 
 
In India, 24 karat gold of 10 gram was priced at Rs 32,421, up by Rs 174, compared to previous day price of Rs 32,247, as per data given by good returns. 
 
Also 24 karat gold of 100 gram saw uptrend, as it was valued at Rs 3,24,210 - higher by Rs 1,740 as against previous day price of Rs 3,22,470. 
 
While 22 karat gold of 10 gram as per the data, was valued at Rs 29,70, increasing by Rs 160, if compared with previous day price of Rs 29,560. 
 
Similarly, 22 karat gold of 100 gram was available at Rs 2,97,200, up by Rs 1,600 from previous day price of Rs 2,95,600. 
 
Here's a list of gold rates today in major cities. 
 
Meanwhile, silver price surged by Rs 100 on the day, as it was valued at Rs 41,400 in 1 KG. During the previous day, silver price stood at Rs 41,300. 
 
Moreover, Spot gold surged by 0.1% to $1,351.96 an ounce, as of 0202 GMT. The bullion touched $1,355.50 on Wednesday - highest hit since January 26. 
 
It has also witnessed its biggest one-day percentage gain of 1.6%, strongest since May 2017, in the previous session.
 
A Reuters report said, "Gold prices held steady , near the 2-1/2-week high hit in the previous session, supported by a weaker dollar and as investors bet on higher US inflation after a faster-than-expected rise in consumer prices last month."
 
Dollar index against a basket of currencies was slightly lower at 88.980 after losing 0.6% overnight.