Gold price falls by Rs 10 to Rs 74,440, silver falls by Rs 100 to Rs 90,900 | commodities

Gold price today: The price of 24 carat gold fell by Rs 10 in early trade on Friday, with ten grams of the precious metal trading at Rs 74,440, according to website GoodReturns. Silver prices fell by Rs 100, with a kilogram of the precious metal selling at Rs 90,900.

The price of 22 carat gold fell by Rs 10, with ten grams of the yellow metal selling at Rs 68,240.

The price of ten grams of 24 carat gold in Mumbai is in line with Kolkata and Hyderabad prices at Rs 74,440.

In Delhi, Bengaluru and Chennai, the price of ten grams of 24 carat gold was Rs 74,590, Rs 74,440 and Rs 74,440 respectively.

US Gold Prices they settled near record highs on Friday and were poised for a weekly gain as markets adjusted to the US Federal Reserve’s recent large interest rate cut and signs that further cuts are expected.

Spot gold was steady at $2,586.98 an ounce as of 0028 GMT, up about 0.4 percent for the week so far.

Spot silver was flat at $30.76 an ounce, platinum was down 0.4% at $984.90 and palladium was down 0.3% at $1,077.75.