Gold price falls by Rs 10 to Rs 72,760, silver falls by Rs 100 to Rs 85,800 | commodities

In Mumbai, the price of ten grams of 22 carat gold is at par with Kolkata and Hyderabad at Rs 66,690.

In Delhi, Bengaluru and Chennai, the price of ten grams of 22 carat gold was Rs 66,840, Rs 66,690 and Rs 66,690 respectively.

The price of a kilogram of silver in Delhi is in line with the price of Kolkata silver at Rs 85,900. The price in Mumbai was Rs 85,800.

The price of one kilogram of silver in Chennai was Rs 90,900.

US Gold Prices held above the $2,500 mark on Tuesday, supported by a weakening US dollar and Treasury yields as traders awaited minutes from the Federal Reserve’s latest policy meeting for further indications of interest rate cuts.

Spot gold was up 0.1 percent at $2,505.92 an ounce by 0038 GMT. Prices had hit an all-time high of $2,509.65 on Friday.

U.S. gold futures rose 0.1 percent to $2,543.90.

Spot silver fell 0.3% to $29.39 an ounce, platinum gained 0.3% to $956.41 and palladium fell 0.2% to $930.25 dollars.

(With contributions from Reuters)

First publication: August 20, 2024 | 8:20 AM IST