Gold price slips Rs 10 to Rs 73,430, silver declines Rs 100 to Rs 95,400

Gold Price Today: The price of 24-carat gold slipped Rs 10 in early trade on Monday, July 15, with ten grams of the precious metal trading at Rs 73,740, according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 95,400.

The price of 22-carat gold also declined Rs 10, with ten grams of the yellow metal selling at Rs 67,590.

The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 73,740.

In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 73,890, Rs 73,740, and Rs 74,230, respectively.

In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 67,590.

In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 67,740, Rs 67,590, and Rs 68,040, respectively.

The price of one kilogram of silver in Delhi is in line with the price of silver in Mumbai and Kolkata at Rs 95,400.

The price of one kilogram of silver in Chennai stood at Rs 99,900.

US Gold prices inched down on Monday as the dollar held firm, while investors looked towards comments from Federal Reserve officials and economic data for further cues on U.S. interest rate path.

Spot gold was down 0.2 per cent at $2,407.29 per ounce, as of 0049 GMT. US gold futures fell 0.4 per cent at $2,411.20.

Spot silver fell 0.5 per cent to $30.62 per ounce, platinum slipped 0.3 per cent at $995.35 and palladium dropped 1.3 per cent to $956.81.

(With inputs from Reuters)