Gold Price Today: Check Latest Gold Rates In Delhi, Mumbai And Other Cities

On Friday, gold prices on the MCX were stable, hovering around Rs 73,128 per 10 grams, after hitting an intraday low of Rs 72,833. Read More

Gold Price Gold Price Today Silver Price MCX Mumbai Delhi
Gold Price Today: Check Latest Gold Rates In Delhi, Mumbai And Other Cities (image source: Times Now Digital)
Gold Price Today: Despite speculation about a US Federal Reserve rate cut and falling US dollar rates, gold prices, known for their volatility, pulled back from a three-week high in early morning trading. This rapid price change highlights the dynamic and unpredictable nature of the gold market.
"COMEX Gold prices fell 0.4 per cent on Thursday as hawkish comments by few Fed officials tempered optimism regarding rate cuts. Federal Reserve Bank of Richmond President Thomas Barkin and his New York John Williams reiterated that US central bank needs to keep borrowing costs elevated for longer to lower inflation to its 2 per cent target, hinting that just one softer inflation reading won’t be enough to prompt rate cuts. Investors now look ahead to speeches by Fed officials today as more hawkish remarks may push traders to recalibrate rate cut bets. WTI Crude oil futures extended gains on Thursday and closed above USD 79/bbl, as a soft US inflation print for April and moderation in hiring coupled with a decline in US crude stocks continued to support prices despite a cut in IEA demand growth forecast. Geo-political tensions remain high as fierce fighting continues around the southern city of Rafah and intense battels between Israeli forces and Palestinian groups in the northern Gazan town of Jabalia. Oil prices may waver today as mixed economic data from China hinted towards a lopsided recovery in the world’s top consumer," said Kaynat Chainwala – Senior Manager, Commodities Research – Kotak Securities.

Gold And Silver Price Today

On Friday, gold prices on the MCX were stable, hovering around Rs 73,128 per 10 grams, after hitting an intraday low of Rs 72,833. In the international market, gold prices mirrored this stability, maintaining a level around USD 2,383.73 per ounce. This trend indicates a certain degree of steadiness in the gold market.Similarly, silver prices on the MCX hovered at Rs 87,110 per kilogram, with an intraday low of Rs 86,900. Internationally, silver prices also remained stable, hovering around USD 29.70 per ounce.

Gold Price Today In Mumbai, Delhi, Chennai And Other Indian Cities

Indian Cities18-Carat Gold Price22-Carat Gold Price24-Carat Gold Price
Gold Price In DelhiRs 55, 430Rs 67,750Rs 73,900
Gold Price In MumbaiRs 55, 310Rs 67,600Rs 73,750
Gold Price In KolkataRs 55, 310Rs 67,600Rs 73,750
Gold Price In BangaloreRs 55, 310Rs 67,600Rs 73,750
Gold Price In HyderabadRs 55, 310Rs 67,600Rs 73,750
Gold Price In KochiRs 55, 310Rs 67,600Rs 73,750
Gold Price In PuneRs 55, 310Rs 67,600Rs 73,750
Gold Price In AhmedabadRs 55, 350Rs 67,650Rs 73,800
Gold Price In ChennaiRs 55,460Rs 73,700Rs 73,850
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience consult their financial advisors before making any money-related decisions.)
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