Gold Price Today: Gold Falls Over Rs 3,600; Check Latest 24K, 22K City-Wise Rates in India
Gold Price Today: Gold Falls Over Rs 3,600; Check Latest 24K, 22K City-Wise Rates in India
Gold prices recorded a significant decline in Thursday’s futures trading session, mainly due to weak global market sentiment and a stronger US dollar. According to PTI, gold contracts for April delivery on the Multi Commodity Exchange (MCX) fell sharply by Rs 3,616, registering a drop of 2.36 per cent. The contracts were trading at Rs 1,49,409 per 10 grams, with a turnover of 7,387 lots during the session.
Retail Gold Rates See Uniform Decline
In the physical market, gold prices also witnessed a consistent fall across all purity levels. Compared to the previous day, 24K gold prices dropped by Rs 311 per gram. Similarly, 22K gold declined by Rs 285 per gram, while 18K gold registered a fall of Rs 233 per gram. This downward trend has been observed across most major cities in India, indicating a widespread correction in gold prices.
City-Wise Gold Rates in India
Gold Rate in Delhi
In Delhi, gold prices followed the overall declining trend. The rate of 24K gold stands at Rs 15,479 per gram, while 22K gold is priced at Rs 14,190 per gram. Meanwhile, 18K gold is available at Rs 11,613 per gram. All categories have seen a drop compared to the previous day, with declines of Rs 311, Rs 285, and Rs 233 respectively.
Gold Rate in Mumbai
Mumbai also reported similar price movements. The price of 24K gold is Rs 15,464 per gram, slightly lower than Delhi. The 22K variant is available at Rs 14,175 per gram, and 18K gold is priced at Rs 11,598 per gram. The decrease remains consistent across all purity levels.
Gold Rate in Chennai
Chennai recorded comparatively higher gold prices than other cities. The rate for 24K gold is Rs 15,894 per gram, while 22K gold is priced at Rs 14,569 per gram. The price of 18K gold stands at Rs 12,239 per gram. However, unlike other cities, Chennai witnessed only a marginal drop of Rs 1 across all categories.
Gold Rate in Kolkata
In Kolkata, gold prices were similar to Mumbai. The 24K gold rate is Rs 15,464 per gram, while 22K gold is priced at Rs 14,175 per gram. The 18K gold price stands at Rs 11,598 per gram. The decline in prices is consistent with the national trend.
Gold Rate in Hyderabad
Hyderabad also reported identical gold prices as Mumbai and Kolkata. The price for 24K gold is Rs 15,464 per gram, while 22K gold is available at Rs 14,175 per gram. The 18K gold rate is Rs 11,598 per gram, with all categories seeing a similar decline.
Gold Rate in Ahmedabad
Ahmedabad witnessed a slight variation in pricing. The rate for 24K gold is Rs 15,469 per gram, while 22K gold is priced at Rs 14,180 per gram. The price of 18K gold stands at Rs 11,603 per gram. Despite the minor variation, the overall decline remains in line with other cities.
Gold Rate in Jaipur
In Jaipur, gold prices are on par with Delhi. The price of 24K gold is Rs 15,479 per gram, while 22K gold is Rs 14,190 per gram. The rate for 18K gold is Rs 11,613 per gram. Prices have dropped uniformly across all categories.
Gold Rate in Bhubaneswar
Bhubaneswar recorded similar gold prices as Mumbai and Kolkata. The rate of 24K gold is Rs 15,464 per gram, while 22K gold is priced at Rs 14,175 per gram. The 18K gold rate stands at Rs 11,598 per gram, reflecting the same decline trend.
Gold Rate in Pune
Pune also followed the nationwide trend. The price for 24K gold is Rs 15,464 per gram, while 22K gold is priced at Rs 14,175 per gram. The rate of 18K gold is Rs 11,598 per gram, with prices falling across all categories.
Gold Rate in Kanpur
Kanpur witnessed a similar drop in gold prices. The rate for 24K gold is Rs 15,479 per gram, while 22K gold is priced at Rs 14,190 per gram. The 18K gold rate stands at Rs 11,613 per gram. The decline remains consistent with other cities.
Why Gold Prices Are Falling
The recent drop in gold prices is mainly attributed to global economic factors. A stronger US dollar typically reduces the attractiveness of gold as an investment, leading to lower demand. Additionally, weak global cues have further pressured gold prices in both futures and retail markets.
What It Means for Buyers and Investors
Despite the recent decline, gold continues to hold strong importance in India, both as an investment and for cultural reasons. For buyers, this dip may present a good opportunity to purchase gold at relatively lower prices. On the other hand, investors are likely to keep a close watch on global market trends and currency movements before making further decisions.
Overall, the correction in gold prices reflects broader economic influences, and future price movements will largely depend on international market conditions and currency strength.