Gold price falls by Rs 10 to Rs 73,140, ​​silver falls by Rs 100 to Rs 88,300 | commodities

In Mumbai, the price of ten grams of 22 carat gold is at par with Kolkata and Hyderabad at Rs 67,040.

In Delhi, Bengaluru and Chennai, the price of ten grams of 22 carat gold was Rs 67,190, Rs 67,140 and Rs 67,140 respectively.

Silver price in Delhi is in line with Kolkata silver price at 87,900. The price in Mumbai is Rs 88,300.

The price of one kilogram of silver in Chennai was Rs 92,900.

American gold The dollar and Treasury yields fell 1 percent on Friday after U.S. inflation data met expectations, but bullion is set for a monthly gain as a September interest rate cut by the Federal Reserve remains in play.

Spot gold was down 0.9 percent at $2,497.53 an ounce as of 1:42 p.m. ET (1742 GMT), and U.S. gold futures were down 1.3 percent at $2,527.6 .

The bullion has gained 2% this month after prices rose to an all-time high of $2,531.60 on August 20.

Spot silver was down 2.2% at $28.78 an ounce, and platinum was down 1.2% at $926.65. Both metals posted monthly losses.

Palladium retreated 1.7% to $963.34, but posted a 4.3% monthly gain.

(with contributions from Reuters)

First publication: August 31, 2024 | 8:15 AM IST