Gold price rises by Rs 10 to Rs 70,590 and silver falls by Rs 100 to Rs 82,400 | commodities

In Mumbai, the price of ten grams of 22 carat gold is at par with Kolkata and Hyderabad at Rs 64,710.

In Delhi, Bengaluru and Chennai, the price of ten grams of 22 carat gold was Rs 64,860, Rs 64,710 and Rs 64,710 respectively.

The price of a kilogram of silver in Delhi is in line with the silver price in Mumbai and Kolkata at Rs 82,400.

The price of one kilogram of silver in Chennai was Rs 87,400.

US Gold Prices rose more than 1 percent on Monday to its highest level since Aug. 2 on haven inflows as traders awaited U.S. inflation data this week that could shed more light on the path of rate-cutting the Federal Reserve interest rate.

Spot gold was up 1.5 percent at $2,468.25 an ounce as of 1818 GMT. US gold futures settled 1.2% higher at $2,504.

Elsewhere, spot silver rose 1.8% to $27.94 an ounce, platinum added 2.2% to $942.20 and palladium rose about 1.7% to $919.36.

(With contributions from Reuters)

First publication: August 13, 2024 | 8:18 AM IST