Gold prices were unchanged during early trading on Monday, with 10 grams of 24-carat gold trading at 56,550 rupees, according to GoodReturns’ website. The price of silver also remained unchanged, with 1 kg of precious metal selling for his Rs 66,900.
The price of 10 grams of 22 carat gold has not changed as the yellow metal trades at Rs 51,850.
The price of 10 grams of 22 carat gold in Mumbai is comparable to that of gold in Kolkata and Hyderabad at Rs 51,850.
The prices of 10 grams of 22 carat gold in Delhi, Bangalore and Chennai are Rs 51,950, Rs 51,900 and Rs 52,510 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 56,550.
The prices of 10 grams of 24 carat gold in Delhi, Bangalore and Chennai are Rs 56,700, Rs 56,600 and Rs 57,280 respectively.
Gold prices fell on Monday as the central bank hinted at further rate hikes to curb stubbornly high inflation, making bullion less attractive as a hedge against rising prices.
Spot gold fell 0.1% at $1,853.99 an ounce as of 0305 GMT after rising to its highest since February 15 on Friday. US gold futures rose 0.3% to his $1,859.90.
Spot silver rose 0.1% to $21.27 per ounce, platinum fell 0.3% to $974.36 and palladium fell 0.2% to $1,449.82.
The price of 1 kg of silver in Delhi, Mumbai and Kolkata is Rs 66,900.
The price of 1 kg of silver in Bangalore, Hyderabad and Chennai is 70,000 rupees.
((using information from Reuters)
