 "Gold, silver prices fall, yellow metal trading at Rs 60,490 per 10g")
The price of 24-carat gold fell Rs 100 in early trade on Tuesday, with ten grams of the precious metal selling for Rs 60,490, according to the GoodReturns website. The price of silver fell Rs 600, with one kilogram of the precious metal selling at Rs 72,400.
The price of 22-carat gold also witnessed a decline of Rs 90, with the yellow metal selling at Rs 55,450.
In Mumbai, the price of ten grams of 24-carat gold is in line with prices in Kolkata and Hyderabad, at Rs 60,490.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 60,640, Rs 60,490, and Rs 60,980, respectively.
The price of ten grams of 22-carat gold in Mumbai is at par with that in Kolkata and Hyderabad, at Rs 55,450.
In Delhi, Bengaluru, and Chennai, ten grams of 22-carat gold are selling at Rs 55,600, Rs 55,450, and Rs 55,900, respectively.
US gold prices were stuck in a narrow range on Tuesday as investors refrained from taking big positions ahead of U.S. inflation data that could offer more clarity on whether the Federal Reserve is likely to raise interest rates further.
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Spot gold was flat at $1,945.45 per ounce, as of 0303 GMT. US gold futures edged lower 0.1 per cent to $1,949.50.
Spot silver rose 0.2 per cent to $22.34 per ounce, platinum gained 0.4 per cent to $867.52 and palladium climbed 0.7 per cent to $988.43.
In Delhi and Mumbai, one kilogram of silver is currently trading at Rs 72,400.
In Chennai, one kilogram of silver is trading at Rs 75,400.
(With inputs from Reuters)