According to the GoodReturns website, gold prices decreased Rs 160 in early trade on Tuesday, with ten kilos of 24 carat gold trading for Rs 56,020. Silver prices declined by Rs 700, with 1 kilogramme selling for Rs 67,800.
Ten grams of 22 carat gold cost Rs 150 less than yesterday’s closing of Rs 51,350.
The price of ten grams of 22 carat gold in Mumbai is Rs 51,350, which is the same as the price of gold in Kolkata and Hyderabad.
Ten grams of 22 carat gold costs Rs 51,500 in Delhi, Rs 51,400 in Bengaluru, and Rs 52,010 in Chennai respectively.
The price of ten grams of 24 carat gold in Mumbai is Rs 56,020, which is the same as the price of gold in Kolkata and Hyderabad.
In Delhi, Bengaluru, and Chennai, ten grams of 24 carat gold costs Rs 56,170, Rs 56,070, and Rs 56,740, respectively.
US gold prices fell on Tuesday and were on track for a 6% monthly drop as the likelihood of future Federal Reserve interest rate rises weighed on the zero-yielding asset’s attractiveness.
As of 0052 GMT, spot gold was down 0.1% at $1,816.33 per ounce, having touched a two-month low on Monday. Gold futures in the United States were unchanged at $1,824.70.