Gold price dips Rs 10 to Rs 70,300, silver falls Rs 100 to Rs 83,000 | COMMODITIES

In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 64,440.

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 64,590, Rs 64,440, and Rs 64,440, respectively.

The price of one kilogram of silver in Delhi is in line with the price of silver in Mumbai and Kolkata at Rs 83,000.

The price of one kilogram of silver in Chennai stood at Rs 88,000.

US gold prices held steady on Monday, with investors awaiting key US inflation data due later this week to gauge the size of the Federal Reserve’s likely interest rate cut next month.

Spot gold was little changed at $2,425.94 per ounce, as of 0153 GMT. US gold futures slipped 0.3 percent to $2,464.80.

Spot silver fell 0.6 per cent to $27.29 per ounce, platinum edged 0.1 per cent higher to $923.20 and palladium was nearly unchanged at $905.00.

(With inputs from Reuters)

First Published: Aug 12 2024 | 8:05 AM IST