Kamal Ghorui
Gold started the week on a shaky note, slipping Rs 2,225 to hit Rs 1.56 lakh per 10 grams in Monday’s futures trade, dragged down by a firm US dollar and weak overseas markets. On the Multi Commodity Exchange, April gold contracts fell 1.4% to Rs 1,56,241 on a turnover of 7,881 lots. “Rising energy prices have strengthened the US dollar and raised doubts that the Federal Reserve will cut interest rates,” said Manav Modi, analyst at Motilal Oswal Financial Services Ltd. Earlier hopes of a March rate cut have mostly faded, with the chances of reductions later this year now at 80%.Internationally, April gold on Comex dropped $54.31, or 1.07%, to $5,007.39 per ounce. “Gold stayed close to $5,000 after two weeks of losses, as oil volatility surged following the US strike on Iran’s Kharg Island, raising supply concerns,” said Jigar Trivedi, Senior Research Analyst, IndusInd Securities.The ongoing US-Israeli conflict with Iran, now entering its third week, continues to rattle markets. Trivedi noted that higher energy costs and inflation worries have dampened expectations for interest rate cuts, creating a headwind for non-yielding assets like gold.Here’s how much gold costs in your city today:
Gold price in Ahmedabad today
Gold in Ahmedabad is trading at Rs 15,920 per gram for 24K, Rs 14,595 for 22K, and Rs 11,943 for 18K.
Gold price in Bangalore today
In Bangalore, 24K gold is available at Rs 15,917 per gram. The 22K variety costs Rs 14,590, while 18K gold is priced at Rs 11,938 per gram.
Gold price in Bhubaneswar today
Bhubaneswar sees 24K gold at Rs 15,917 per gram. Prices for 22K and 18K gold stand at Rs 14,590 and Rs 11,938 per gram, respectively.
Gold price in Chennai today
In Chennai, 24K gold is quoted at Rs 16,101 per gram. 22K gold comes in at Rs 14,759, and 18K gold is Rs 12,399 per gram.
Gold price in Delhi today
Gold prices in Delhi are Rs 15,930 per gram for 24K, Rs 14,605 for 22K, and Rs 11,953 for 18K.
Gold price in Hyderabad today
Hyderabad’s 24K gold is trading at Rs 15,917 per gram. 22K and 18K gold are priced at Rs 14,590 and Rs 11,938, respectively.
Gold price in Jaipur today
In Jaipur, 24K gold costs Rs 15,930 per gram. The 22K variant is Rs 14,605, while 18K gold is available at Rs 11,953 per gram.
Gold price in Kanpur today
Kanpur reports 24K gold at Rs 15,930 per gram. 22K and 18K varieties are priced at Rs 14,605 and Rs 11,953 per gram, respectively.
Gold price in Mumbai today
In Mumbai, 24K gold is Rs 15,917 per gram, 22K is Rs 14,590, and 18K is Rs 11,938 per gram.
Gold price in Kolkata today
Kolkata has 24K gold at Rs 15,917 per gram. The 22K and 18K gold rates are Rs 14,590 and Rs 11,938 per gram, respectively.
