 "Gold prices fall Rs 150 to Rs 51,350, silver falls to Rs 67,800 per kg")
Gold prices fell Rs 160 in Tuesday's early trade with ten grams of 24 carat gold trading at Rs 56,020, according to the GoodReturns website. Silver prices fell Rs 700, with 1 kg of silver selling at Rs 67,800.
The price of ten grams of 22 carat gold fell Rs 150 from yesterday's close to Rs 51,350.
The price of ten grams of 22 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 51,350.
The price of ten grams of 22 carat gold in Delhi, Bengaluru, and Chennai is Rs 51,500, Rs 51,400, and Rs 52,010, respectively.
The price of ten grams of 24 carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 56,020.
The price of ten grams of 24 carat gold in Delhi, Bengaluru, and Chennai is Rs 56,170, Rs 56,070, and Rs 56,740, respectively.
US gold prices dipped on Tuesday and were poised for a monthly decline of about 6 per cent as the prospects of further interest rate hikes from the Federal Reserve continued to weigh on the zero-yielding asset's appeal.
Spot gold was down 0.1 per cent at $1,816.33 per ounce, as of 0052 GMT, after hitting a two-month low on Monday. US gold futures were flat at $1,824.70.
(with inputs from Reuters)
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%