Spot gold was down 0.4% at $1,909.87 per ounce as of 10:59 ET (1459 GMT), after touching its lowest since March 1 at $1,903.59 earlier in the session
(Reuters) - Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate hike.
The price of ten gram of 24-carat gold decreased by Rs 500 on Wednesday to Rs 51,930, while the rate of silver decreased by Rs 1,000 per kg to Rs 69,000
In the international market, gold traded 1 per cent lower at $1,930 per ounce and silver was flat at $25.58 per ounce
Bullion has eased after rallying to within $5 of a record last week as Russia's invasion of Ukraine caused commodities to surge, threatening a combination of low growth and high inflation
The price of 10 grams of 24 carat gold on Tuesday is trading at Rs. 52,470 and 10 grams of 22 carat gold is selling at Rs. 48,100. Silver is trading at Rs. 70,000 per kg
The price of ten gram of 24-carat gold increased by Rs 10 on Monday to Rs 52,810, while the rate of silver increased by Rs 4,400 per kg to Rs 74,700
Spot gold was down 1.1% to $1,973.80 per ounce by 1531 GMT, but remained poised for a weekly rise of about 0.3% as concerns over the course of the Ukraine conflict kept investors on their toes
Spot gold was down 0.3% at $1,991.20 per ounce by 1050 GMT, but remained poised for a weekly rise of about 1.2%. U.S. gold futures were down 0.1% at $1,997.70.
Gold tumbled Rs 200 to Rs 53,033 per 10 grams in the national capital on Friday in line with weak international precious metal prices, according to HDFC Securities.
The price of ten gram of 24-carat gold decreased Rs 1,750 on Friday to Rs 52,580, while the rate of silver decreased by Rs 1,800 per kg to Rs 69,400
The price of ten gram of 24-carat gold increased by Rs 440 on Thursday to Rs 54,330 while the rate of silver increased by Rs 1,200 per kg to Rs 71,200.
Spot gold were steady at $1,992.37 per ounce by 1544 GMT, after tumbling as much as 3% on Wednesday. US gold futures inched up 0.5% to $1,998.60
The foreign ministers of Russia and Ukraine met on Thursday in Turkey, the highest level contact between the two countries since the war began on February 24
A rush to safe-haven assets earlier this week due to the Ukraine crisis powered gold prices to near record levels hit in August 2020.
Key equity indices rebounded as investors picked up beaten-down stocks following a recent rout sparked by fears about growing Western sanctions on Russia for its invasion of Ukraine
The price of ten grams of 24-carat gold remained unchanged on Wednesday at Rs 53,890
Inflationary fears as well as Russia-Ukraine conflict pushed gold prices to Rs 55,000 per 10-gram on Tuesday.
International oil benchmark Brent crude, which briefly hit more than $139 a barrel in the previous session, was up about 2.6% at $126.42.
The rate of gold jewellery varies across the nation due to excise duty, state taxes, and making charges.