In early trade on Tuesday, the price of 24-carat gold saw a slight decrease of Rs 10, settling at Rs 73,570 for ten grams. Conversely, silver prices increased by Rs 100 per kilogram, reaching Rs 95,100.
Similarly, 22-carat gold also experienced a Rs 10 decline, trading at Rs 67,440 per ten grams.
The price of 24-carat gold in major cities like Mumbai, Kolkata, and Hyderabad mirrored each other at Rs 73,570. In Delhi, Bengaluru, and Chennai, prices stood at Rs 73,720, Rs 73,570, and Rs 74,170 respectively.
For 22-carat gold, prices in Mumbai matched those in Kolkata and Hyderabad at Rs 67,440, while in Delhi, Bengaluru, and Chennai, prices were Rs 67,590, Rs 67,440, and Rs 67,990 respectively.
In the silver market, Delhi’s price per kilogram was consistent with Mumbai and Kolkata at Rs 95,100, whereas Chennai recorded a higher price of Rs 99,600 per kilogram.
Gold prices saw an uptick amid investor anticipation of Federal Reserve Chair Jerome Powell’s testimony and June inflation data, crucial indicators for the US central bank’s future policy decisions.
As of 0112 GMT, spot gold rose by 0.2% to $2,364.03 per ounce, rebounding from a more than 1% decline on Monday. Meanwhile, US gold futures strengthened by 0.3% to $2,369.70.
Following a weak US jobs report which saw unemployment rise to 4.1%, bullion prices surged more than 1% on Friday. Spot silver increased by 0.4% to $30.90, platinum rose by 1% to $1,006.20, and palladium gained 0.6% to $1,015.48.
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