 "Gold dips Rs 10, silver down by Rs 100; yellow metal trading at Rs 72, 210")
Gold Price Today: The price of 24-carat gold dipped Rs 10 in early trade on Thursday with ten grams of the precious metal selling at Rs 72,210, according to the GoodReturns website. The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 90,900.
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,190.
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 72,210.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 72,360, Rs 72,210, and Rs 73,060, respectively.
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 66,190.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,340, Rs 66,190, and Rs 66,970, respectively.
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The price of one kilogram of silver in Delhi is in line with the silver price in Mumbai and Kolkata at Rs 90,900.
The price of one kilogram of silver in Chennai stood at Rs 95,500.
US gold prices edged higher on Thursday as lacklustre US economic activity fuelled expectations that the Federal Reserve would cut interest rates this year.
Spot gold was up 0.2 per cent at $2,331.38 per ounce, as of 0126 GMT. US gold futures edged 0.1 per cent lower to $2,345.00.
Spot silver rose 0.5 per cent to $29.91 per ounce, platinum was down 0.2 per cent at $978.42 and palladium lost 0.2 per cent to $903.25.
(With inputs from Reuters)