Gold is a chemical element holds an atomic number of 79. It exhibits a bright, slightly orange-yellow color and possesses characteristics of being a dense, soft, malleable, and ductile metal when in its pure form. Gold is categorized as both a transition metal and a group 11 element. It stands out for its minimal reactivity among chemical elements and maintains a solid state under standard conditions. In its natural state, gold is frequently found as free elemental nuggets or grains within rocks, veins, and alluvial deposits. It can also create a solid solution series with the native element silver, forming a natural alloy known as electrum. Additionally, gold may alloy with other metals like copper and palladium, and it can be found as mineral inclusions within pyrite. Less commonly, gold appears in minerals as compounds, often in conjunction with tellurium, resulting in the formation of gold tellurides.
In early trade on Tuesday, the price of 24-carat gold has decreased by Rs 100, with ten grams now being sold for Rs 60,490, as reported by the GoodReturns website. Additionally, the price of silver has fallen by Rs 600, and one kilogram of the precious metal is currently priced at Rs 72,400. The price of 22-carat gold has also witnessed a decline of Rs 90, with the yellow metal selling at Rs 55,450. In Mumbai, the price of ten grams of 24-carat gold aligns with prices in Kolkata and Hyderabad, standing at Rs 60,490. In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold is reported at Rs 60,640, Rs 60,490, and Rs 60,980, respectively. Similarly, the price of ten grams of 22-carat gold in Mumbai is consistent with that in Kolkata and Hyderabad, at Rs 55,450.
In Delhi, Bengaluru, and Chennai, ten grams of 22-carat gold are selling at Rs 55,600, Rs 55,450, and Rs 55,900, respectively. US gold prices have remained within a narrow range on Tuesday as investors refrain from significant positions ahead of U.S. inflation data, which could provide more clarity on the potential for the Federal Reserve to raise interest rates. As of 0303 GMT, spot gold remains flat at $1,945.45 per ounce, while US gold futures have slightly decreased by 0.1% to $1,949.50. Spot silver has risen by 0.2% to $22.34 per ounce, platinum has gained 0.4% to $867.52, and palladium has climbed 0.7% to $988.43. In Delhi and Mumbai, one kilogram of silver is currently trading at Rs 72,400, while in Chennai, it is priced at Rs 75,400.