Gold and Silver price today (August 28, 2023): Precious metal trade in green after US Fed's hawkish commentary

Gold and Silver price (August 28, 2023): Precious metal futures traded in the green on Monday, a day after Chair of the Federal Reserve of the United States, Jerome Powell, flagged inflationary concerns and said that the interest rates may be hiked.

Last seen, MCX gold futures (Oct 5) were up 0.14 per cent or Rs 80 at Rs 58,720 per 10 grams at the last count, having traded between Rs 58,685 and Rs 58,730 earlier in the day. Silver futures (Sept 5) were up Rs 26 or 0.04 per cent at Rs 73,575 per kg.

In the international market, COMEX gold was up 0.19 per cent at $1,943.5 per ounce.

Here's an indicative list of spot gold prices in some of the major Indian cities:   

City-wise gold price (24k) in India (August 28, 2023)

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before acting on the information.)

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.