Monday, April 10, saw a little decline in gold prices in India; at the time this report was being written, the price of 10 grammes of 24-carat gold was Rs. 60,860. The price of 10 grammes of 22-carat gold is now Rs. 55,790.
As of 9:23 a.m. IST on the Multi Commodities Exchange (MCX), gold futures with a maturity date of June 5, 2023 were trading lower as well. They were down 0.82% at 60012.00. At 9:25 a.m. IST, MCX silver futures for May 5 were down 0.46% at Rs. 74228.00 a kilogramme.
Globally, gold prices fell on Monday as the US dollar strengthened after a report on US non-farm payrolls that suggested a strong labour market, reigniting worries that the Federal Reserve will raise interest rates at its May policy meeting.
At 00:41 GMT, spot gold was down 0.4% at $2,000.57 per ounce, while US gold futures were down 0.4% at $2,017.80. When the dollar index increased, bullion has become more expensive for foreign buyers.
The price of gold in the nation’s capital is Rs. 61,010 for 10 grammes of 24-carat gold and Rs. 55,940 for 10 kilos of 22-carat gold. The current price of gold in Chennai is Rs 61,520 for 10 kilos of 24-carat gold and Rs 56,390 for 10 grammes of 22-carat gold.
Monday, April 10, Gold Prices in Key Indian Cities:
In Kolkata, the price of gold is Rs 60,890 for 10 kilos of 24-carat gold and Rs 55,790 for 10 grammes of 22-carat gold.
10 grammes of 22-carat gold costs Rs. 55,790 in Mumbai, and 60,860 for 24-carat gold, which is the same price as gold in Hyderabad, Kerala, Pune, and Bhubaneswar.
In Vadodara, the cost of 10 grammes of 24-carat gold is Rs 60,910, compared to Rs 55,840 for 10 kilos of 22-carat gold. The cost of 10 grammes of 22- and 24-carat gold in Vadodara is comparable to that of gold in Ahmedabad, Bangalore, Surat, and Mysore.
The price of 24-carat gold (10 grammes) in Chandigarh is Rs 61,010, while the price of 22-carat gold (10 grammes) is Rs 55,940. As a result, the price of gold in Chandigarh has increased today. In Chandigarh, the cost of 10 grammes of 22- and 24-carat gold is comparable to that of gold in Lucknow, Jaipur, and Noida.