10 gram of 22-carat gold traded at Rs 47,550 on Tuesday.
Globally, the gold prices were flat on Tuesday as the US dollar and Treasury yields fell, while investors looked forward to the US inflation data later this week that could offer more clarity on the Federal Reserve's rate hike path.
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In Mumbai, and Kolkata, 24-carat gold was selling at Rs 51,870 per 10 gram, while that of 22-carat gold traded at Rs 47,550 in the respective cities. In Delhi, 24-carat and 22-carat of the yellow metal were trading at Rs 52,030 and Rs 47,700 per 10 gm on Tuesday.
Spot gold were flat at $1,786.86 per ounce, as of 0112 GMT, after rising 0.8 per cent in the previous session. US gold futures were steady at $1,804.70.
As the dollar index moved further away from a one-week peak hit post Friday's blockbuster US jobs report, it made gold less expensive for other currency holders.
The benchmark US 10-year Treasury yields have dipped to 2.7554 per cent, reducing the opportunity cost of holding non-interest bearing gold.
Markets are looking ahead to US inflation data for July, which will be released on Wednesday. Analysts polled by Reuters expect annual inflation to have eased to 8.7 per cent in July from 9.1 per cent in June.
US Fed funds futures traders are now pricing for a 64.5 per cent chance of another 75-basis-point rate increase at the US central bank's next policy meeting in September to combat soaring inflation.
Although gold is seen as a hedge against inflation, higher US interest rates dull non-yielding bullion's appeal.
Spot silver eased 0.1 per cent to $20.63 per ounce, platinum fell 0.1 per cent to $938.99, and palladium was unchanged at $2,231.82.
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