In the international market, both gold and silver were trading marginally higher
In New Delhi, the price of 22-carat gold was at Rs 46,150 per 10 gm while in Chennai the price declined to Rs 44,400.
Spot gold was down 0.1% at $1,776.20 per ounce by 0709 GMT
Spot gold was down 0.2% at $1,774.96 per ounce, as of 0251 GMT. US gold futures fell 0.4% to $1,776.10.
In New Delhi, the price of 22-carat gold was at Rs 46,250 per 10 gm. In Chennai it is at Rs 44,550.
This comes amid a recovery in global precious metal prices
Gold prices gained on Wednesday after US Federal Reserve Chair Jerome Powell promised not to raise interest rates too quickly based only on the fear of coming inflation
In New Delhi, the price of 22-carat gold is at Rs 46,250 per 10 gm while in Chennai, it is at Rs 44,400.
In the previous trade, the precious metal had closed at Rs 46,168 per 10 gram.
Gold inched higher on Tuesday as a halt in the dollar's rally bolstered the appeal of the precious metal ahead of US Federal Reserve Chairman Jerome Powell's testimony to Congress
In New Delhi, the price of 22-carat gold settled for Rs 46,100 per 10 gm while in Chennai it settled for Rs 44,350.
Gold set to snap six-day losing streak as US bond yields slide
Gold prices gained on Monday, after posting a 6% drop last week, as a retreat in US Treasury yields bolstered the non-yielding metal's appeal
In New Delhi, the price of 22-carat gold was down to Rs 46,140 per 10 gm and in Chennai, it declined to Rs 44,290
Spot gold climbed to $1,790.59 per ounce by 0908 GMT, but was down 4.5% for the week.
In New Delhi, the price of 22-carat gold was down to Rs 47,000 per 10 gm and in Chennai, it dropped to Rs 45,150.
(Reuters) - Gold shed more than 2% on Thursday, precipitating a sell-off across precious metals with palladium set for its worst day in over a year, as the dollar gained ground after the U.S. Federal Reserve struck a hawkish tone on monetary strategy.
US gold futures were down 2.6% at $1,812.20 per ounce.
Spot gold was up 0.6% at $1,822.36 per ounce, as of 0235 GMT
In New Delhi, the price of 22-carat gold was down to Rs 47,500 per 10 gm. In Chennai, it slid to Rs 45,750