Gold price falls ₹10 to ₹1,56,430; silver down ₹100, trades at ₹2,67,900

Gold Price Today: The price of 24-carat gold fell ₹10 in early trade on Tuesday, with ten grams of the precious metal trading at ₹1,56,430, according to the GoodReturns website. The price of silver also dropped by ₹100, with one kilogram of the precious metal selling at ₹2,67,900.

 

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,43,390.

 

The price of ten grams of 24-carat gold stood at ₹1,56,430 in Mumbai and Kolkata, and ₹1,57,520 in Chennai.

 

In Delhi, the price of ten grams of 24-carat gold stood at ₹1,56,580.

  

In Mumbai, the price of ten grams of 22-carat gold was ₹1,43,390, the same as in Kolkata, Bengaluru, Hyderabad, and ₹1,44,390 in Chennai.

 

             

In Delhi, the price of ten grams of 22-carat gold stood at ₹1,43,540. 

                    

The price of one kilogram of silver in Delhi, Kolkata, and Mumbai stood at ₹2,67,900. The price of one kilogram of silver in Chennai stood at ₹2,64,900. 

US gold fell 1 per cent on Tuesday as thin trading persisted across major Asian markets due to the Lunar New Year holidays, while a firmer dollar also pressured prices.

 

Spot gold dropped 0.9 per cent to $4,947.98 per ounce by 0110 GMT, after losing 1 per cent earlier in the session.

 

US gold futures for April delivery lost 1.6 per cent to $4,966.80 per ounce.

 

The US dollar index rose 0.2 per cent against a basket of currencies, making greenback-priced bullion more expensive for holders of other currencies.

 

Spot silver fell 2.7 per cent to $74.51 per ounce, after dropping over 3 per cent earlier.

 

Spot platinum shed 0.8 per cent to $2,025.05 per ounce, while palladium lost 1.5 per cent to $1,698.10.

 

 

(with inputs from Reuters)