Gold Price Today: Yellow Metal Price Drops From Record High! Check Latest Gold Rates In Mumbai, Delhi, Chennai And Other Cities

Spot gold was down 0.6 per cent at USD 2,410.73 per ounce, after hitting a record high of 2,440.49 on Monday. U.S. gold futures also fell, dropping 1 per cent to USD 2,414.00.
Gold Price Today, Yellow Metal, Spot Gold, Gold Rate, Mumbai, Delhi, Commodity Markets

Gold Price Today: Yellow Metal Price Drops From Record High! Check Latest Gold Rates In Mumbai, Delhi, Chennai And Other Cities (image source: Times Now Digital)

Gold Price Today: Global gold prices eased on Tuesday as the U.S. dollar strengthened, causing the metal to back away from a record peak reached in the previous session. The prior surge had been driven by a mix of bullish factors, including increasing bets on U.S. rate cuts and escalating geopolitical risks, which boosted safe-haven demand.
Spot gold was down 0.6 per cent at USD 2,410.73 per ounce, after hitting a record high of 2,440.49 on Monday. U.S. gold futures also fell, dropping 1 per cent to USD 2,414.00, around 0335 GMT, as per a Reuters report.
"COMEX Gold prices pared gains after touching a fresh all-time of USD 2454.2 per troy ounce on Monday after a slew of hawkish comments from Fed officials prompted markets to rethink the rate cut trajectory. Fed Vice Chair Philip Jefferson said on Monday it was too early to tell if the inflation slowdown is "long-lasting," while Vice Chair Michael Barr said the restrictive policy needs more time. A soft US inflation print last week saw traders piling into bets on a potential September rate cut. Today, investors might pay attention to Fed official’s speeches for more cues on policy path amid lack of economic data," said Kaynat Chainwala – Senior Manager, Commodities Research – Kotak Securities.

Gold And Silver Price Today

Gold prices on the MCX were stable, hovering around Rs 73, 957 per 10 grams around 12:00 noon on Tuesday, after hitting an intraday low of Rs 73,701 for the gold features maturing on June 5, 2024. Similarly, silver prices on the MCX hovered at Rs 93,863 per kilogram around noon, with an intraday low of Rs 92,798 for the silver features maturing on June 5, 2024.

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

Indian Cities18-carat Gold Price/ 1gms 22-carat Gold Price/1 gms24-carat Gold Price/ 1 gms
Gold Price In DelhiRs 5,600Rs 6,845Rs 7,466
Gold Price In MumbaiRs 5,588Rs 6,830Rs 7,451
Gold Price In KolkataRs 5,588Rs 6,830Rs 7,451
Gold Price In BangaloreRs 5,588Rs 6,830Rs 7,451
Gold Price In HyderabadRs 5,588Rs 6,830Rs 7,451
Gold Price In KochiRs 5,588Rs 6,830Rs 7,451
Gold Price In PuneRs 5,588Rs 6,830Rs 7,451
Gold Price In AhmedabadRs 5,588Rs 6,830Rs 7,451
Gold Price In ChennaiRs 5,619Rs 6,860Rs 7,484
(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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