Gold price falls Rs 100 to Rs 59,180, silver unchanged at Rs 70,900

Gold price falls Rs 100 to Rs 59,180, silver unchanged at Rs 70,900

Gold prices fell Rs 100 in Tuesday's early trade, with 10 grams of the yellow metal (24-carat) trading at Rs 59,180, according to the GoodReturns website. Silver price was unchanged, with 1 kg of the precious metal selling at Rs 70,900.

The price of 22-carat gold was unchanged at Rs 54,350.

The price of ten grams of 24-carat gold in Mumbai is at par with that in Kolkata and Hyderabad, at Rs 59,180.

The price of ten grams of 24-carat gold in Delhi, Bengaluru, and Chennai is Rs 59,430, Rs 59,280, and Rs 59,670, respectively.

The price of ten grams of 22-carat gold in Mumbai is at par with the price of gold in Kolkata and Hyderabad, at Rs 54,350.

The price of ten grams of 22-carat gold in Delhi, Bengaluru, and Chennai is Rs 54,500, Rs 54,350, and Rs 54,700, respectively.

US gold prices were flat on Tuesday, hovering slightly above their three-month lows, while the US
dollar strengthened as traders looked to hedge against a political turmoil in Russia and the Federal Reserve's hawkish outlook.

Spot gold held its ground at $1,923.94 per ounce by 0114 GMT, while US gold futures were also listless at $1,933.90.

Spot silver gained 0.3 per cent to $22.84 per ounce, platinum was flat at $924.93, while palladium rose 0.5 per cent to $1,311.50.

The price of 1 kg of silver in Chennai and Hyderabad is Rs 75,200.

The price of 1 kg of silver in Delhi and Mumbai is Rs 70,900.