Gold prices in India saw a mild increase to Rs 97,280 per 10 grams on Tuesday from Rs 97,160 per 10 grams on Monday, as per the Indian Bullion Association.
Most metros too saw a slight uptick in gold rates. In the national capital gold was trading at Rs 96,940 per 10 grams after being Rs 96,810 per 10 grams on Monday; Similarly, the price of gold in Mumbai was Rs 97,110 per 10 grams against Rs 96,980; In Kolkata the rate was Rs 96,980 per 10 grams; In Bangalore the prices stood at Rs 97,180. The price for the precious commodity was the highest in Chennai, trading at Rs 97,390 per 10 grams.
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The gold rate in the United States saw a sharp decline to trade in the red at $3,332.40 an ounce.
Gold's Aug. 5 futures were trading flat at Rs 97,170 according to the Multi Commodity Exchange.
Silver
Silver price on Tuesday extended gains was trading higher at Rs 1,07,510 per kg.
In the United States the commodity was trading at $36.52. Silver's July 4 futures saw a mild increase to Rs 1,07,105 from Rs 1,05,525 on Monday according to the Multi Commodity Exchange.
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