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Gold Price Today: The price of 24-carat gold dipped Rs 10 in early trade on Monday, May 27, with ten grams of the precious metal selling at Rs 72,430, according to the GoodReturns website. The price of silver also fell Rs 100, with one kilogram of the precious metal selling at Rs 91,400.
The price of 22-carat gold fell Rs 10, with the yellow metal selling at Rs 66,390.
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 72,430.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 72,580, Rs 72,430, and Rs 72,590, respectively.
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 66,390.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 66,540, Rs 66,390, and Rs 66,540, 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 91,400.
The price of one kilogram of silver in Chennai stood at Rs 95,900.
US Gold prices edged up on Monday but were hovering near a two-week low hit in the previous session as investors pared expectations of a US interest rate cut after the Federal Reserve's latest meeting indicated that a delay in monetary policy easing is likely.
Spot gold rose 0.2 per cent to $2,338.85 per ounce, as of 0211 GMT. Prices hit its lowest since May 9 at $2,325.19 on Friday.
Spot silver rose 0.8 per cent to $30.59 per ounce, platinum was up 1.2 per cent at $1,037.90 and palladium gained 1.6 per cent at $979.25.
(With inputs from Reuters)
