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): 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.

Gold and Siver price today, Representative image- Reuters

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.

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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)

City	Gold prices for 24k (10 grams)
Mumbai	Rs 60,375
Delhi	Rs 60,450
Chennai	Rs 60,500
Kolkata	Rs 60,515
Bengaluru	Rs 60,520
Hyderabad	Rs 60,480
Ahmedabad	Rs 60,490
Bhopal	Rs 60,370
Visakhapatnam	Rs 60,480
Jaipur	Rs 60,270
Lucknow	Rs 60,315
Coimbatore	Rs 60,480
Madurai	Rs 60,535

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

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