Gold prices fell 10 rupees from early trading on Thursday, with 10 grams of 24-carat gold selling for 57,860 rupees, according to the GoodReturns website. The price of silver also fell by Rs 400 as the precious metal trades at Rs 68,600.
The price of 10 grams of 22 carat gold also fell by 10 rupees, trading at 53,040 rupees.
The price of 10 grams of 22 carat gold in Mumbai is comparable to the price of gold in Kolkata and Hyderabad at Rs 53,040.
The prices of 10 grams of 22 carat gold in Delhi, Bangalore and Chennai are Rs 53,190, Rs 53,090 and Rs 53,790 respectively.
The price of 10 grams of 24 carat gold in Mumbai is comparable to the price of gold in Kolkata and Hyderabad at Rs 57,860.
The prices of 10 grams of 24 carat gold in Delhi, Bangalore and Chennai are Rs 58,010, Rs 57,910 and Rs 58,680 respectively.
Gold retreated from a safe-haven-led rally on Thursday to its highest since early February as traders called for more clarity in the financial sector after Credit Suisse became the latest focus of banking crisis scare. Pushed the price to value.
The gold spot fell 0.3% at $1,912.48 per ounce as of 0328 GMT after gaining more than 1% on Wednesday. US gold futures fell 0.8% to $1,915.10.
Spot silver fell 0.4% to $21.71 per ounce, platinum fell 0.3% to $959.52 and palladium rose 1.3% to $1,465.91.
The price of 1 kg of silver in Delhi, Mumbai and Kolkata is Rs 68,600.
The price of 1 kg of silver in Bangalore, Hyderabad and Chennai is Rs 72,500.
(including information from Reuters)