SRINAGAR: The price of 24-carat gold dipped by Rs 10 in early trade on Tuesday, with ten grams trading at Rs 96,870, according to the GoodReturns website, reported Business Standard.
In contrast, the price of 22-carat gold rose Rs 10, with ten grams selling at Rs 88,790. The modest fluctuations came as part of broader trends seen both in domestic and global bullion markets.
Meanwhile, silver prices declined by Rs 100, with one kilogram of the metal trading at Rs 97,800, as per the same report.
Across major cities, 24-carat gold was priced at Rs 96,870 per ten grams in Mumbai, Kolkata, and Chennai. For 22-carat gold, the rate stood at Rs 88,790 in Mumbai, Kolkata, Bengaluru, Chennai, and Hyderabad, while Delhi recorded a slightly higher price of Rs 88,940.
Silver prices also showed regional variations. In Delhi, Kolkata, and Mumbai, one kilogram of silver remained consistent at ₹97,800. However, Chennai reported a higher rate of Rs 1,08,900 per kilogram, according to Business Standard.
On the global front, gold prices remained steady, influenced by a recent US-China agreement to suspend tariffs for at least 90 days, which improved investor risk sentiment and reduced gold’s traditional appeal as a safe-haven asset.
As of 0058 GMT, spot gold held firm at $3,235.37 an ounce, while US gold futures edged up 0.5 per cent to $3,243.50, Business Standard reported.
Other precious metals showed mixed trends: spot silver slipped 0.2 per cent to $32.54 an ounce, platinum rose 0.6 per cent to $980.05, and palladium declined 0.7 per cent to $980.05.
Investors are now closely watching upcoming US inflation data, which may provide further cues on global economic conditions and the trajectory of precious metal prices.
