Kamal Ghorui
Gold prices fell sharply on Thursday in futures trade, declining by Rs 6,004 to Rs 1,47,704 per 10 grams on the Multi Commodity Exchange, as geopolitical tensions in West Asia intensified and strengthened the US dollar, dampening investor sentiment.The decline marked a reversal from a four-day winning streak, with the June contract of the yellow metal slipping 3.91%, or Rs 6,004.In international markets, Comex gold futures for the June delivery also turned lower after four consecutive sessions of gains, dropping $194.70, or 4.05% to $4,618.40 per ounce.Analysts said the fall came as the US dollar rebounded following statements by US President Donald Trump suggesting a possible escalation in the ongoing conflict with Iran.Gold prices declined on Thursday, ending a four-day gain, as the US dollar rebounded after President Donald Trump warned that the military campaign in Iran could continue with more intense action over the next two to three weeks, Jigar Trivedi, Senior Research Analyst at IndusInd Securities, said.In an address from the White House, Trump stated that Washington’s core strategic objectives in Iran were close to completion. However, he also said the US would strike Iran “extremely hard” over the next two to three weeks, without providing a timeline for ending the conflict or addressing the situation surrounding the Strait of Hormuz, which has disrupted global financial markets.According to Jigar Trivedi, this stance supported the US dollar, which has recently gained traction as a safe-haven asset, thereby pressuring dollar-denominated precious metals like gold.He further added that crude oil prices resumed their upward movement, adding to inflation concerns and expectations of tighter monetary policy conditions.“Traders have fully priced out the prospect of interest rate cuts in 2026 by the US Federal Reserve, a stark reversal from pre-war expectations of two cuts,” Trivedi said.Here’s how much gold costs in your city today:
Gold price in Chennai today
Gold is priced in Chennai at Rs 15,218 per 10 grams for 24K, Rs 13,950 for 22K, and Rs 11,635 for 18K.
Gold price in Mumbai today
In Mumbai, gold is trading at Rs 14,897 per 10 grams for 24K, Rs 13,655 for 22K, and Rs 11,173 for 18K.
Gold price in Delhi today
Gold prices in Delhi stand at Rs 14,912 per 10 grams for 24K, Rs 13,670 for 22K, and Rs 11,188 for 18K.
Gold price in Kolkata today
In Kolkata, gold is priced at Rs 14,897 per 10 grams for 24K, Rs 13,655 for 22K, and Rs 11,173 for 18K.
Gold price in Bangalore today
Gold in Bangalore is available at Rs 14,897 per 10 grams for 24K, Rs 13,655 for 22K, and Rs 11,173 for 18K.
Gold price in Hyderabad today
In Hyderabad, gold is trading at Rs 14,897 per 10 grams for 24K, Rs 13,655 for 22K, and Rs 11,173 for 18K.
Gold price in Ahmedabad today
Ahmedabad is recording gold prices of Rs 14,902 per 10 grams for 24K, Rs 13,660 for 22K, and Rs 11,178 for 18K.
Gold price in Jaipur today
In Jaipur, gold is priced at Rs 14,912 per 10 grams for 24K, Rs 13,670 for 22K, and Rs 11,188 for 18K.
Gold price in Lucknow today
Gold in Lucknow stands at Rs 14,912 per 10 grams for 24K, Rs 13,670 for 22K, and Rs 11,188 for 18K.
Gold price in Bhubaneswar today
In Bhubaneswar, gold is trading at Rs 14,897 per 10 grams for 24K, Rs 13,655 for 22K, and Rs 11,173 for 18K.
