Gold was hovering around an over two-month low on Wednesday as investors awaited US jobs data for further clarity on the Federal Reserve's policy stance
In New Delhi, the price of 22-carat gold was at Rs 46,150 per 10 gm, while in Chennai it was at Rs 44,450.
Gold prices eased on Tuesday, as a firmer dollar made bullion expensive for holders of other currencies
In New Delhi, the price of 22-carat gold was at Rs 46,150 per 10 gm, in Chennai, it was at Rs 44,440.
Gold prices slipped to a one-week low on Monday, weighed down by a bounce in the dollar and mixed signals from the US Federal Reserve
Gold prices inched higher on Monday, as the dollar eased and tamer-than-expected US inflation data allayed fears of an early monetary policy tightening by the Federal Reserve
In New Delhi, the price of 22-carat gold was at Rs 46,260 per 10 gm, in Chennai the price is at Rs 44,460.
Gold imports, which have a bearing on the current account deficit, zoomed to 6.91 billion during April-May 2021 due to low base effect in the wake of the Covid-19 pandemic
In the international market, both gold and silver were trading marginally higher
In New Delhi, the price of 22-carat gold was at Rs 46,150 per 10 gm while in Chennai the price declined to Rs 44,400.
Spot gold was down 0.1% at $1,776.20 per ounce by 0709 GMT
Spot gold was down 0.2% at $1,774.96 per ounce, as of 0251 GMT. US gold futures fell 0.4% to $1,776.10.
In New Delhi, the price of 22-carat gold was at Rs 46,250 per 10 gm. In Chennai it is at Rs 44,550.
This comes amid a recovery in global precious metal prices
Gold prices gained on Wednesday after US Federal Reserve Chair Jerome Powell promised not to raise interest rates too quickly based only on the fear of coming inflation
In New Delhi, the price of 22-carat gold is at Rs 46,250 per 10 gm while in Chennai, it is at Rs 44,400.
In the previous trade, the precious metal had closed at Rs 46,168 per 10 gram.
Gold inched higher on Tuesday as a halt in the dollar's rally bolstered the appeal of the precious metal ahead of US Federal Reserve Chairman Jerome Powell's testimony to Congress
In New Delhi, the price of 22-carat gold settled for Rs 46,100 per 10 gm while in Chennai it settled for Rs 44,350.
Gold set to snap six-day losing streak as US bond yields slide