Gold prices were trading marginally higher but in a tight range on Tuesday as investors maintained a cautious stance ahead of this week’s policy meeting by the Federal Reserve.
The US central bank is expected to hike rates aggressively in an effort to curb inflation. Inflation concerns have prompted other central banks across the globe to tighten monetary policy.
Gold futures on MCX NSE 4.83 % were trading higher by 0.29 per cent or Rs 143 at Rs 49,445 per 10 grams. Silver futures gained sharply by 0.70 per cent or Rs 399 to Rs 57,083 per kg.
In the national capital Delhi, the Gold rate for 24-carat (10 grams) is Rs 50,170 while 22-carat (10 grams) is Rs 46,000. The rate of Gold for 24-carat (10 grams) in Kolkata is Rs 50,020 while 22-carat (10 grams) is Rs 45,850. On the other hand, the price of 24-carat gold (10 grams) in Mumbai is Rs 50,020 while 22-carat gold (10 grams) is Rs 45,850.
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