The fall in gold prices comes after the US Fed Reserve announced the biggest rate hike since 1994 and flagged economic risks
Silver also witnessed a steep decline in its price at Rs 1,700, selling at Rs 59,800 per kg
Gold remained unchanged on Tuesday from previous day's closing rate, with 10 gram of 24-carat gold trading at Rs 52,760
Silver was down by Rs 500 in today's opening trade, selling at Rs 61,500 per kg
The bias for MCX Gold August futures is likely to remain bullish as long as the commodity sustains above Rs 51,600, below which prices can dip to Rs 51,300 to Rs 51,200.
Gold price on Friday increased by Rs 250 from the previous day's close, with 10 gram of 24-carat gold trading at Rs 52,310
The price of 10 gram of 24 carat gold in Delhi, Mumbai, Bangalore, Hyderabad, and Kolkata is Rs 52,040 for the day
Gold on Wednesday opened Rs 10 down from previous day's closing rate with 10 gram of 24-carat of the precious metal trading at Rs 51,920
10 gram of 24-carat of gold is trading at Rs 52,210, while 22-carat gold is selling at Rs 47,860
Gold prices remained vulnerable to the expected rate hike by the Central Bank as the monetary policy committee review is due this week
The rate of gold decreased by Rs 280 per 10 gram on Thursday with 24-carat of the metal trading at at Rs 51,820
The rate of gold decreased by Rs 100 per 10 gram on Wednesday with 24-carat of the metal trading at at Rs 52,100
The rate of gold increased by Rs 110 per 10 gram on Tuesday with 24-carat of the metal trading at at Rs 52,200
The rates of gold and silver remained unchanged today
The price of 10 gram of 24 carat gold today rose by Rs 110 to Rs 52,090
The price of 10 gram of 24 carat gold on Friday went down by Rs 270 to trade at Rs 51,980
The price of gold went up by Rs 600 per 10 gram from the previous day's rate
The rate of silver on Tuesday increased by Rs 700 per kg, with the metal trading at Rs 62,100.
The rate of gold and silver remained unchanged on Monday
The rate of 1 kg of silver increased by Rs 4,000 to Rs 65,000 on Friday