Gold price dips ₹10 to ₹1,01,390, silver down ₹100, trading at ₹1,14,900

Gold Price Today: The price of 24-carat gold fell ₹10 in early trade on Wednesday, with ten grams of the precious metal trading at ₹1,01,390, according to the GoodReturns website. The price of silver also decreased by ₹100, with one kilogram of the precious metal selling at ₹1,14,900.

 

The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹92,940.

 

The price of ten grams of 24-carat gold in Mumbai, Kolkata, and Chennai stood at ₹1,01,390.

 

In Delhi, the price of ten grams of 24-carat gold stood at ₹1,01,540.

 

In Mumbai, the price of ten grams of 22-carat gold is in line with that of Kolkata, Bengaluru, Chennai, and Hyderabad at ₹92,940.

 

   

In Delhi, the price of ten grams of 22-carat gold stood at ₹93,090. 

   

The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹1,14,900.

  

The price of one kilogram of silver in Chennai stood at ₹1,24,900.

 

Gold prices edged higher on Tuesday after US inflation data sustained expectations of Federal Reserve interest rate cuts, while attention turned to other key economic data due this week.

 

Spot gold rose 0.2 per cent at $3,349.60 an ounce at 12:06 p.m. EDT (1606 GMT).

 

Among other metals, spot silver gained 0.9 per cent at $37.95 an ounce, platinum firmed 0.6 per cent to $1,335.39, while palladium dropped 0.2 per cent to $1,132.22.

 

(with inputs from Reuters)