Gold price slips Rs 10 to Rs 73,630, silver declines Rs 100 to Rs 95,100

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Gold price slips Rs 10 to Rs 73,630, silver declines Rs 100 to Rs 95,100 - Business Standard

Quick Summary:

Prices hit their highest level since May 20 on Monday, when they scaled a record high of $2,449.89 per ounce.Spot silver fell 1.4 per cent to $30.59 per ounce, platinum slipped 0.2 per cent at $993.28 and palladium steadied at $950.31.

The price of silver fell Rs 100, with one kilogram of the precious metal selling at Rs 95,100.

US Gold prices were steady on Tuesday, buoyed by bets that the Federal Reserve will cut interest rates this year, while focus shifted to US economic data due later in the day for further monetary policy clues.