New Delhi: Gold prices slipped in a thin trade as the market opened Monday with renewed inflation concerns that clouded the US monetary policy outlook, while investors closely track developments in the US-Iran peace negotiations.
Spot gold slipped 0.3 per cent to USD 4,599.45 per ounce by 0114 GMT, while US gold futures for June delivery fell 0.7 per cent to USD 4,611.40.
As per the latest retail market rates, 24-carat gold is trading in the range of ₹15,092–₹15,122 per gram across major cities, while 22-carat gold is priced between ₹13,834 and ₹13,849 per gram. Silver prices are hovering between ₹2,64,900 and ₹2,69,900 per kilogram in the domestic bullion market.
Silver meanwhile, trades at elevated levels compared to long term averages. Unlike the yellow metal, silver is more sensitive to global manufacturing trends making it more volatile during uncertain economic conditions.
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