In early trading on Monday, the price of 24-carat gold fell by Rs 10, bringing the cost of ten grams to Rs 87,760, according to the GoodReturns website. Meanwhile, silver prices also saw a decline, with the cost of one kilogram of silver dropping by Rs 100 to Rs 1,00,400.
The price of 22-carat gold also saw a minor dip, falling by Rs 10 to Rs 80,440 per ten grams.
Across major cities, the price of 24-carat gold remained consistent, with ten grams priced at Rs 87,760 in Mumbai, Kolkata, and Chennai. In Delhi, the cost of ten grams of 24-carat gold stood at Rs 87,910.
For 22-carat gold, the price in Mumbai, Kolkata, Bengaluru, Chennai, and Hyderabad was Rs 80,440 per ten grams, while in Delhi, it was slightly higher at Rs 80,590.
The price of one kilogram of silver remained steady at Rs 1,00,400 in Delhi, Bengaluru, Kolkata, and Mumbai. However, in Chennai, the price of silver was higher at Rs 1,06,900.
On the international front, US gold prices remained near an all-time high on Monday. The prices were bolstered by concerns over US President Donald Trump’s tariff plans, with market attention shifting toward a crucial US inflation report set to be released later this week. Gold had previously hit a record high of $2,954.69 per ounce on Thursday.
As of 0020 GMT, spot gold was steady at $2,934.82 per ounce, while US gold futures dipped by 0.1% to $2,950.10. Spot silver dropped by 0.1% to $32.58 per ounce. Meanwhile, platinum gained 0.7% to $976.25, and palladium rose 0.4% to $972.93.
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