Gold price dips ₹10 to ₹1,34,170, silver price falls ₹100 to ₹2,13,900

Gold Price Today: The price of 24-carat gold fell ₹10 in early trade on Monday, with ten grams of the precious metal trading at ₹1,34,170, according to the GoodReturns website. The price of silver also dropped by ₹100, with one kilogram of the precious metal selling at ₹2,13,900.

 

The price of 22-carat gold declined by ₹10, with ten grams of the yellow metal selling at ₹1,22,990.

 

The price of ten grams of 24-carat gold stood at ₹1,34,170 in Mumbai and Kolkata, and ₹1,35,270 in Chennai.

 

In Delhi, the price of ten grams of 24-carat gold stood at ₹1,34,320.

 

  

In Mumbai, the price of ten grams of 22-carat gold was ₹1,22,990, the same as in Kolkata, Bengaluru, Hyderabad, and ₹1,23,990 in Chennai. 

          

In Delhi, the price of ten grams of 22-carat gold stood at ₹1,23,140.

                

The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹2,13,900.

   

The price of one kilogram of silver in Chennai stood at ₹2,25,900.

 

US gold and silver hit record highs on Monday as softer US labour data and a tame inflation reading fuelled bets the Federal Reserve will cut interest rates in January.

 

Spot gold climbed 1 per cent to an all-time high at $4,384.50 an ounce by 02:03 GMT. US gold futures added 0.7 per cent to $4,416.30.

 

Spot silver rose 2.2 per cent to hit a record high at $68.65. Platinum rose 2.6 per cent to $2,028.34, a more than 17-year high. Palladium added 3.8 per cent to $1,772.74, a near three-year high. 

(with inputs from Reuters)