Gold, silver prices remain unchanged; yellow metal trades at Rs 56,950

Silver is selling at Rs 68,600 per kg in early trade

Gold and silver prices remained unchanged during early trade on Monday. Ten grams of 24-carat gold was trading at Rs 56,950, while silver was selling at Rs 68,600 per kg.

 

The price of 22-carat gold was trading at Rs 52,200, according to the GoodReturns website.

 

In Mumbai, Kolkata, and Hyderabad, 10 grams of 24-carat and 22-carat gold were selling at Rs 56,950 and Rs 52,200, respectively.

 

In Delhi, 10 grams of 24-carat and 22-carat gold were trading at Rs 57,100 and Rs 52,350, respectively. In Chennai, 10 grams of 24-carat and 22-carat gold were selling at Rs 57,710 and Rs 52,900, respectively.

 

US gold prices fell on Monday, weighed down by a stronger dollar and after recent US economic data raised worries that the Federal Reserve could hike interest rates further.

 

Spot gold was down 0.2% at $1,837.59 per ounce as of 0048 GMT. US gold futures eased 0.1% to $1,847.60.

 

In Delhi, Kolkata, and Mumbai, 1 kg of silver was trading at Rs 68,600, while in Chennai and Hyderabad, it was selling at Rs 71,800.

 

Spot silver lost 0.7% to $21.58 per ounce, platinum fell 0.3% to $914.17, and palladium shed 0.6% to $1,488.61.

 

(With inputs from Reuters)