Silver too opened in the low and is trading at Rs 60,000 per kg. The precious metal is down by Rs 200 as compared to previous day's rate.
The prices of silver went down by Rs 300 with the precious metal trading at Rs 60,200 per kg
Spot gold rose 0.3% to $1,842.85 per ounce by 1411 GMT. U.S. gold futures inched 0.4% higher to $1,845.20
Spot gold fell 0.2% to $1,834.33 per ounce by 0733 GMT. U.S. gold futures eased 0.1% to $1,835.60
Meanwhile, silver is also witnessing a fall of Rs 500 as compared to the previous day's rate. 1 kg of silver is trading at Rs 60,500
Gold prices went down in Wednesday's early trade from the previous day's rate by Rs 100, with 10 gram of yellow metal (24-carat) selling at Rs 51,980
Gold prices inched higher in today's early trade from the previous day's price by Rs 100, with 10 gram of yellow metal (24-carat) selling at Rs 52,080
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.
The price of ten gram of 24-carat gold in Delhi, Kolkata, and Bangalore is Rs 52,010
Meanwhile, silver is trading at Rs 60,900 per kg in Delhi, Mumbai and Kolkata. In Chennai, one kg of silver is currently trading at Rs 66,300
Silver also witnessed a rise in the prices.1 kg of silver is trading at Rs 61,150, after a jump of Rs 1,150.
Gold prices have turned stable as the Dollar has fallen countring the US Federal Reserve's rate hikes.
Spot gold fell 0.3% to $1,827.60 per ounce by 0546 GMT. U.S. gold futures rose 0.6% to $1,830.60.
The fall in gold prices comes after the US Fed Reserve announced the biggest rate hike since 1994 and flagged economic risks
Spot gold climbed 0.9% to $1,824.80 per ounce by 1002 GMT while U.S. gold futures rose 0.8% to $1,827.30
Silver also witnessed a steep decline in its price at Rs 1,700, selling at Rs 59,800 per kg
Spot gold fell 0.4% to $1,811.80 per ounce by 12:33 p.m. EDT (1633 GMT), while U.S. gold futures slipped 1% to $1,813.40.
Spot gold rose 0.3% to $1,823.49 per ounce by 0932 GMT, after falling to its lowest since May 19 at $1,810.90 earlier in the session.
Gold remained unchanged on Tuesday from previous day's closing rate, with 10 gram of 24-carat gold trading at Rs 52,760
Market reports suggest that gold has moved inversely to the US Dollar while Treasury yield have risen to a its peak since May 9th