 "Gold, silver prices fall in early trade; yellow metal selling at Rs 56,830")
Gold prices fell Rs 120 on Tuesday, with 10 grams of the yellow metal (24-carat) trading at Rs 56,830. Silver prices fell Rs 100 from yesterday's close to Rs 68,500 per kg.
The price of 22-carat gold fell Rs 100 from yesterday's close to Rs 52,100, according to the GoodReturns website.
In Mumbai, Kolkata, and Hyderabad, 10 grams of 24-carat and 22-carat gold was selling at Rs 56,830 and Rs 52,100, respectively.
In Delhi, 10 grams of 24-carat and 22-carat gold was trading at Rs 57,000 and Rs 52,250, respectively. In Chennai, 10 grams of 24-carat and 22-carat gold was selling at Rs 57,600 and Rs 52,800, respectively.
Gold prices edged higher on Monday on a slightly weaker dollar, as investors looked out for upcoming US economic data for clues on the Federal Reserve's rate hike path.
Spot gold was up 0.2 per cent to $1,845.93 per ounce at 9:43 a.m. ET (1443 GMT), after falling to its lowest since late December in the previous session. US gold futures gained 0.3 per cent to $1,855.10.
In Delhi, Mumbai and Kolkata, 1 kg of silver was trading at Rs 68,500, while in Chennai and Hyderabad, it was selling at Rs 71,700.
Spot silver rose 0.4 per cent to $21.80 per ounce, platinum jumped 1.4 per cent to $929.53 and palladium was up 1.3 per cent to $1,517.87.
(With inputs from Reuters)
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →Subscribe to Business Standard digital and get complimentary access to The New York Times
Quarterly Starter
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Save 46%
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%