Gold prices decline in India amid global cues; check rates in your city

Gold prices in India

Gold prices in India fell on Monday, tracking the global trend, as the US dollar strengthened and bond yields rose. The retail price of 24-carat gold per 10 grams was down by Rs 750 in spot market, according to News181. The price of 22-carat gold also dropped by Rs 700 per 10 grams.

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The fall in gold prices was attributed to the expectations of a faster economic recovery in the US and other countries, which reduced the safe-haven appeal of the yellow metal. The US stimulus package and the vaccine rollout also boosted the market sentiment, leading to a rise in the US dollar and bond yields.

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The MCX April gold futures were trading at Rs 62,443 per 10 grams, down by Rs 81 or 0.13%, while the March silver contracts were down by Rs 186 or 0.26% at Rs 70,125 per kg2. The spot gold price was Rs 62,379 per 10 grams, according to HDFC Securities2.

The gold rates in various cities in India as of Monday were as follows:

  • Mumbai: Rs 62,300 per 10 grams of 24-carat gold and Rs 61,300 per 10 grams of 22-carat gold
  • Delhi: Rs 63,300 per 10 grams of 24-carat gold and Rs 61,100 per 10 grams of 22-carat gold
  • Chennai: Rs 64,000 per 10 grams of 24-carat gold and Rs 58,600 per 10 grams of 22-carat gold
  • Kolkata: Rs 63,800 per 10 grams of 24-carat gold and Rs 61,600 per 10 grams of 22-carat gold
  • Bangalore: Rs 63,000 per 10 grams of 24-carat gold and Rs 57,800 per 10 grams of 22-carat gold
  • Hyderabad: Rs 63,000 per 10 grams of 24-carat gold and Rs 57,800 per 10 grams of 22-carat gold
  • Kerala: Rs 63,000 per 10 grams of 24-carat gold and Rs 57,800 per 10 grams of 22-carat gold
  • Pune: Rs 62,300 per 10 grams of 24-carat gold and Rs 61,300 per 10 grams of 22-carat gold
  • Ahmedabad: Rs 63,500 per 10 grams of 24-carat gold and Rs 61,300 per 10 grams of 22-carat gold
  • Jaipur: Rs 63,300 per 10 grams of 24-carat gold and Rs 61,100 per 10 grams of 22-carat gold
  • Lucknow: Rs 63,300 per 10 grams of 24-carat gold and Rs 61,100 per 10 grams of 22-carat gold
  • Patna: Rs 63,300 per 10 grams of 24-carat gold and Rs 61,100 per 10 grams of 22-carat gold
  • Bhopal: Rs 63,300 per 10 grams of 24-carat gold and Rs 61,100 per 10 grams of 22-carat gold
  • Indore: Rs 63,300 per 10 grams of 24-carat gold and Rs 61,100 per 10 grams of 22-carat gold
  • Chandigarh: Rs 63,300 per 10 grams of 24-carat gold and Rs 61,100 per 10 grams of 22-carat gold
  • Surat: Rs 63,500 per 10 grams of 24-carat gold and Rs 61,300 per 10 grams of 22-carat gold
  • Nagpur: Rs 62,300 per 10 grams of 24-carat gold and Rs 61,300 per 10 grams of 22-carat gold
  • Vijayawada: Rs 63,000 per 10 grams of 24-carat gold and Rs 57,800 per 10 grams of 22-carat gold
  • Visakhapatnam: Rs 63,000 per 10 grams of 24-carat gold and Rs 57,800 per 10 grams of 22-carat gold
  • Mysore: Rs 63,000 per 10 grams of 24-carat gold and Rs 57,800 per 10 grams of 22-carat gold

The gold prices may vary across different jewellers due to various factors such as making charges, taxes, and purity. The investors are advised to check the rates before buying or selling gold.

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Source : News 18

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