Across major cities, 24-carat gold was priced at Rs 1,61,940 per 10 grams in Mumbai and Kolkata, while Chennai recorded a higher rate of Rs 1,63,190. In the national capital, Delhi, the price stood at Rs 1,62,090
Representational Image
Gold prices edged lower in early trade on Wednesday, while silver registered a modest uptick, official data showed.
The rate of 24-carat gold slipped by Rs 10, with 10 grams trading at Rs 1,61,940. 22-carat gold also saw a marginal decline of Rs 10, selling at Rs 1,48,440 per 10 grams.
Across major cities, 24-carat gold was priced at Rs 1,61,940 per 10 grams in Mumbai and Kolkata, while Chennai recorded a higher rate of Rs 1,63,190. In the national capital, Delhi, the price stood at Rs 1,62,090.
For 22-carat gold, 10 grams cost Rs 1,48,440 in Mumbai, Kolkata, Bengaluru and Hyderabad, while the price in Chennai was slightly higher at Rs 1,49,590. In Delhi, the same quantity was priced at Rs 1,48,590.
Meanwhile, silver prices moved up by Rs 100, with one kilogram selling at Rs 3,70,100 in Delhi, Kolkata and Mumbai. In Chennai, silver was priced higher at Rs 3,87,100 per kg.
US gold slips from all-time high, silver also retreats
Gold prices in the US eased on Wednesday after surging more than 3 per cent to a record high in the previous session, as the dollar weakened to a near four-year low amid ongoing geopolitical tensions.
Spot gold declined 0.5 per cent to USD 5,161.58 per ounce as of 0025 GMT, retreating from its all-time high of USD 5,189.89 touched a day earlier. Meanwhile, US gold futures for February delivery edged higher, gaining 1.5 per cent to USD 5,158.90 per ounce.
Silver prices also softened, with spot silver slipping 0.4 per cent to USD 112.52 an ounce, after hitting a record peak of USD 117.69 earlier this week. Despite the pullback, silver has already climbed an impressive 58 per cent so far this year.
Platinum saw a marginal decline of 0.1 per cent to USD 2,638.24 per ounce, easing from its recent record high of USD 2,918.80. Palladium prices dropped more sharply, falling 0.9 per cent to USD 1,916.89 per ounce.
In the last seven trading sessions, gold prices have risen USD 416.59, or nearly 9 per cent, from USD 4,670.89 per ounce recorded on USD January 19.
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