Gold Price Today: The yellow metal remained subdued on Monday in a choppy trade as weakness in Treasury yields kept prices unchanged and marginally outweighed pressure stemming from elevated US dollar levels. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

In the early morning trade, gold contracts were trading higher by 0.49 percent at Rs 52,172 for 10 grams on the Multi-Commodity Exchange (MCX), while silver added 0.1 percent to Rs 57,800 a kg. 

In Delhi, Mumbai, and Kolkata, 10 gram of 24-carat gold is trading at Rs 52,340. On the other hand, ten gram of 22-carat gold is selling at Rs 48,000 in Delhi, Mumbai, and Kolkata. 

Similarly, 10 gram of 24-carat and 22-carat gold is trading at Rs 52,280 and Rs 47,920 in Chennai, respectively. 

Bullion prices hit a five-month low of $1,783.50 on Friday but recovered to end the session nearly steady, according to a Reuters report. The report said Benchmark US 10-year Treasury yields fell to their lowest level in a month on Friday, buoying non-yielding bullion. 

The dollar hovered close to recent two-decade highs, continuing to make greenback-priced gold less attractive for buyers holding other currencies, after playing a significant part in bullion`s worst quarterly showing in over a year.  

Asian equities started cautiously on Monday as a run of soft US data suggested downside risks for this week`s June payrolls report, while the hubbub over recession was still driving a relief rally in government bonds.