New Delhi: After once again crossing the Rs 49,000 mark earlier this month, gold prices have declined in the last few weeks. On Friday (June 25) on the Multi Commodity Exchange (MCX), gold was trading at around Rs 46900 per 10 grams. In the current week, gold prices are trading in a very small range around Rs 47,000. For many investors, this could be a good opportunity to invest in the yellow metal, as experts are expecting a rise in gold prices in the coming weeks.
In Delhi, 22 carat gold is being sold at Rs 46,250 per 10 grams while 24 carat gold is being sold at Rs 50,300 per 10 grams. Meanwhile, 22 carat gold is being sold at Rs 46,150 per 10 grams in Mumbai. In the financial capital of India, 24 carat gold is being sold at Rs 47,150 per 10 grams.
In Kolkata, the capital of West Bengal, 22 carat gold and 24 carat gold are being sold at Rs 46,660 and Rs 49,210 respectively. In Chennai, 22 carat gold is being sold at Rs 44,450 per 10 grams. Meanwhile, 24 carat gold is currently being sold at Rs 48,490 per 10 grams in the city. Read also: Ind-Ra has introduced Covid 2.0. slashed FY22 GDP growth forecast to 9.6% due to
Gold Price in Indian Cities:
City 22 carat gold price 24 carat gold price
Bangalore Rs 44,100 Rs 48,100
Hyderabad Rs 44,100 Rs 48,100
Pune Rs 46,150 Rs 47,150
Jaipur Rs 46,250 Rs 50,300
Lucknow Rs 46,250 Rs 50,300
Patna Rs.46,150. Rs 47,150
Chandigarh Rs 46,250 Rs 50,300
Surat 46,600 Rs 48,600
– Data is taken from Good Returns.
Gold became cheaper by about Rs 9,300 from record high
Gold prices across the world hit record highs last year when the stock markets crashed due to the economic slowdown due to COVID-19. In August 2020, the price of 10 grams of gold on MCX touched a high of Rs 56191.
In 2020, investment in gold gave 43% return. However, in 2021, gold has fallen by 25 per cent from the record level. Currently gold is trading at Rs 46,900 per 10 grams on MCX, the yellow metal is currently cheaper by Rs 9,300 from the record high. Read also: 7th Pay Commission: 60 lakh pensioners will get pension slip through WhatsApp, email
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