Gold price today: Gold price falls by Rs 10 to Rs 72,830, silver rises by Rs 100 to Rs 86,100 | commodities

Gold price today: The price of 24-carat gold fell by Rs 10 in early trade on Wednesday, with ten grams of the precious metal trading at Rs 72,830, according to website GoodReturns. Silver price rose by Rs 100, with a kilogram of the precious metal selling at Rs 86,100.

The price of 22 carat gold also fell by Rs 10, with ten grams of the yellow metal selling at Rs 66,760.

The price of ten grams of 24 carat gold in Mumbai is in line with Kolkata and Hyderabad prices at Rs 72,830.

U.S. gold prices were flat on Wednesday as investors awaited key upcoming U.S. inflation data for clues on the depth of interest rate cuts expected from the Federal Reserve next week.

Spot gold was down 0.1 percent at $2,517.80 an ounce as of 0021 GMT. U.S. gold futures rose 0.1 percent to $2,546.50. Traders are closely watching US consumer price index (CPI) data due later in the day, along with the producer price index reading and initial jobless claims on Thursday.

Spot silver was flat at $28.38 an ounce, platinum gained 0.3% to $940.35 and palladium rose 0.83% to $973.16.