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Gold prices fall Rs 240 to Rs 59,450, silver declines to Rs 73,000 per kg

Prices,

Gold prices fell by Rs 240 to Rs 59,450 per 10 grams of 24-carat gold in early Tuesday trade, according to the GoodReturns website. The cost of silver fell by Rs 300 and one kg of gold was sold at Rs 73,000.

The price of 10 grams of 22 carat gold dropped by Rs 210 to Rs 54,500.

 

10 grams of 24K gold cost in Mumbai is Rs.59,450 at standard with the gold cost in Kolkata and Hyderabad.

In Delhi, Bangalore, and Chennai, the price of 10 grams of 24K gold is Rs 59,600, Rs 59,500, and Rs 60,110, respectively.

 

The price of 10 grams of 22-carat gold in Mumbai is Rs. 54,550, which is comparable to the prices of gold in Kolkata and Hyderabad.

In Delhi, Bangalore, and Chennai, the price of 10 grams of 22-carat gold is Rs 54,650, Rs 54,550, and Rs 55,100, respectively.

 

On Wednesday, US gold prices fell slightly as the dollar stabilized and regulators’ efforts to boost investor confidence lessened fears of a larger impact from the global banking sector crisis.

By 0050 GMT, spot gold had fallen 0.2% to $1,970.79 an ounce, after rising 1% on Tuesday. The price of US gold futures ended the day down 0.1% at $1,972.30.

 

The higher dollar index made bullion more expensive for buyers who hold other currencies.

Spot silver rose 0.3 percent to $23.33 an ounce, while platinum was level at $962.96 and palladium was likewise slow at $1,419.39.

(with Reuters’s help)

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