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.
The fall in gold prices comes after the US Fed Reserve announced the biggest rate hike since 1994 and flagged economic risks
Silver also witnessed a steep decline in its price at Rs 1,700, selling at Rs 59,800 per kg
Gold remained unchanged on Tuesday from previous day's closing rate, with 10 gram of 24-carat gold trading at Rs 52,760
Silver was down by Rs 500 in today's opening trade, selling at Rs 61,500 per kg
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.
Gold price on Friday increased by Rs 250 from the previous day's close, with 10 gram of 24-carat gold trading at Rs 52,310
The price of 10 gram of 24 carat gold in Delhi, Mumbai, Bangalore, Hyderabad, and Kolkata is Rs 52,040 for the day
Gold on Wednesday opened Rs 10 down from previous day's closing rate with 10 gram of 24-carat of the precious metal trading at Rs 51,920
10 gram of 24-carat of gold is trading at Rs 52,210, while 22-carat gold is selling at Rs 47,860
Gold prices remained vulnerable to the expected rate hike by the Central Bank as the monetary policy committee review is due this week
The rate of gold decreased by Rs 280 per 10 gram on Thursday with 24-carat of the metal trading at at Rs 51,820
The rate of gold decreased by Rs 100 per 10 gram on Wednesday with 24-carat of the metal trading at at Rs 52,100
The rate of gold increased by Rs 110 per 10 gram on Tuesday with 24-carat of the metal trading at at Rs 52,200