Gold price down Rs 10 to Rs 77,390, silver down Rs 100 to Rs 94,900 | commodities

Gold price today: The price of 24-carat gold fell by Rs 10 in early trade on Monday, with ten grams of the precious metal trading at Rs 77,390, according to website GoodReturns. Silver price fell by Rs 100, with a kilogram of the precious metal selling at Rs 94,900.

The price of 22 carat gold also fell by Rs 10, with ten grams of the yellow metal selling at Rs 70,940.

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The price of ten grams of 24 carat gold in Mumbai is in line with Kolkata and Hyderabad prices at Rs 77,390.

The price of one kilogram of silver in Chennai was Rs 1,00,900.

USA Gold rose on Monday and was on track for a fourth consecutive quarterly gain, buoyed by hopes of another major U.S. interest rate cut and growing conflict in the Middle East as investors awaited comments from Federal Reserve Chairman Jerome Powell.

Spot gold was up 0.2 percent at $2,662.3 an ounce as of 0036 GMT. Bullion ended 0.5% lower on Friday, snapping a six-session rally.

Spot silver rose 0.2% to $31.68 an ounce, platinum gained 0.4 to $1,004.10 and palladium added 0.2% to $1,013.5.