The price of 22-carat gold on Monday slid to Rs 46,160 for 10 gm from Rs 46,190 on Friday.
In New Delhi, the price of 22-carat gold was at Rs 46,260 per 10 gm, while in Chennai, it fell Rs 60 to settle at Rs 44,460.
In the global market, gold prices surged higher as US Fed gave mixed signals on interest rate hike even as US Fed reassured markets that interest rates will not be hiked quickly.
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