The price of 22-carat gold also went down by Rs 10, with ten grams of the yellow metal selling at Rs 71,090
The precious metal of 99.9 per cent purity declined Rs 550 to Rs 78,950 per 10 grams. It had closed at Rs 79,350 per 10 grams on Monday
The market now awaits a fresh set of catalysts, including a slew of US economic data due next week that could influence the interest rate outlook for 2025
The price of 22-carat gold also rose by Rs 10, with ten grams of the yellow metal selling at Rs 71,510
While bullion has ticked lower since Donald Trump's sweeping victory in November's US presidential election, its gains over 2024 still outstrip most other commodities
The price of 22-carat gold also dipped Rs 10, with ten grams of the yellow metal selling at Rs 71,340
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 78,010
Spot gold fell 0.3 per cent to $2,625.78 per ounce, as of 1100 GMT. Bullion has gained 0.2 per cent so far this week. US gold futures were down 0.5 per cent to $2,641.30
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 77,740
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Chennai, and Hyderabad at Rs 77,460
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 70,990
After aggressively cutting rates in September and November this year, the Fed persisted with cuts in December but hinted at fewer reductions in 2025
The price of 22-carat gold also declined by Rs 10, with ten grams of the yellow metal selling at Rs 70,990
The Fed cut rates by 25 basis points on Dec. 18, although the central bank's predictions of fewer rate cuts in 2025 resulted in a decline in gold prices to their lowest level since Nov. 18 last week
The price of 22-carat gold also declined Rs 10, with ten grams of the yellow metal selling at Rs 70,990
The price of 22-carat gold also jumped Rs 10, with ten grams of the yellow metal selling at Rs 71,000
Silver price today: Outlook for Silver remains weak, but it is looking somewhat oversold currently; hence, caution is warranted in selling
Gold price today: Bears eye $2537 (Rs 74,000), the cycle-low made on November 14, for Gold. Resistance is at $2630 (Rs 76,700)
The price of 22-carat gold also declined Rs 10, with ten grams of the yellow metal selling at Rs 70,690
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata, Bengaluru, Chennai, and Hyderabad at Rs 77,830