Mumbai: The price of 24-carat gold dipped Rs 10 in early trade on Monday, with ten grams of the precious metal trading at Rs 71,820.
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 65,840. This price trend is likely to be followed in Srinagar and Jammu gold markets as business opens.
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 71,820.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 71,970, Rs 71,820, and Rs 71,990, respectively.
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 65,840.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 65,990, Rs 65,840, and Rs 65,990, respectively.
The price of one kilogram of silver in Delhi is in line with the silver price in Mumbai and Kolkata at Rs 82,900.
The price of one kilogram of silver in Chennai stood at Rs 86,400.
US gold prices also eased in early Asian hours on Monday as the dollar ticked up, while traders awaited comments from a series of Federal Reserve officials for more cues on the US interest rate cut timeline.
Spot gold was down 0.3 per cent at $2,294.97 per ounce, as of 0040 GMT. US gold futures slipped 0.3 per cent to $2,301.00 per ounce.
