Kamal Ghorui
Gold futures witnessed a sharp sell-off on Monday, with prices tumbling by Rs 8,089 to Rs 1.36 lakh per 10 grams, mirroring a global downturn driven by inflation worries and a stronger US dollar. On the Multi Commodity Exchange, the April contract fell 5.6 per cent to Rs 1,36,403 per 10 grams. The latest decline adds to last week’s losses, when the yellow metal dropped Rs 13,974, or 8.82 per cent, to settle at around Rs 1.44 lakh per 10 grams. Analysts said gold started the week on a weak note with a gap-down opening and may remain under pressure for a fourth consecutive week. “Gold resumed with a gap down on Monday and is likely to continue its downside momentum for the fourth consecutive week amid tensions in West Asia that have stoked inflation fears and rate hike bets in the near future,” said Aamir Makda. In global markets, gold futures on Comex extended their losing streak for the fifth straight session. The April contract declined by $202.4, or 4.42%, to $4,372.5 per ounce. “Gold fell below $4,400 per ounce as the ongoing Middle East conflict intensified inflation fears, while major economies face pressure to boost liquidity, including through gold sales, to offset the war’s impact,” said Jigar Trivedi. Over the past week, overseas gold futures have dropped $486.8, or 9.6 per cent, settling at $4,574.9 per ounce.Here’s how much gold costs in your city today:
Gold price in Mumbai today
In Mumbai, 24K gold is priced at Rs 14,002 per gram, while 22K stands at Rs 12,835 and 18K at Rs 10,502 per gram.
Gold price in Kolkata today
Kolkata sees gold rates at Rs 14,002 per gram for 24K, Rs 12,835 for 22K and Rs 10,502 for 18K.
Gold price in Bangalore today
Bangalore records 24K gold at Rs 14,002 per gram, with 22K at Rs 12,835 and 18K at Rs 10,502.
Gold price in Hyderabad today
In Hyderabad, 24K gold costs Rs 14,002 per gram, while 22K is Rs 12,835 and 18K is Rs 10,502.
Gold price in Ahmedabad today
Ahmedabad’s gold rates stand at Rs 14,007 per gram for 24K, Rs 12,840 for 22K, and Rs 10,507 for 18K.
Gold price in Jaipur today
Jaipur reports 24K gold at Rs 14,017 per gram, alongside Rs 12,850 for 22K and Rs 10,517 for 18K.
Gold price in Bhubaneswar today
Bhubaneswar has 24K gold priced at Rs 14,002 per gram, with 22K at Rs 12,835 and 18K at Rs 10,502.
Gold price in Kanpur today
In Kanpur, gold prices are Rs 14,017 per gram for 24K, Rs 12,850 for 22K, and Rs 10,517 for 18K.
Gold price in Delhi today
Delhi’s gold prices show 24K at Rs 14,017 per gram, while 22K is Rs 12,850 and 18K is Rs 10,517.
Gold price in Bangalore today
In Bangalore, 24K gold is priced at Rs 14,002 per gram, while 22K gold stands at Rs 12,835 and 18K gold at Rs 10,502 per gram.
