New Delhi: For the last few weeks, gold has been trading in the Red Zone. On Friday (August 20) on the Multi Commodity Exchange, gold for October delivery closed with a marginal gain of 0.1% at Rs 47,174. Considering the closing price of gold, we can safely say that the yellow metal has declined by over Rs 4,000 in 2021.
However, the current downside could be a lucrative investment opportunity for investors planning to buy gold as experts suggest that the price may reach north of Rs 50,000 in the coming days.
As far as the price of gold in metro cities is concerned, 24 carat gold is currently being sold at Rs 47,400 per 10 grams while 22 carat gold is being sold at Rs 46,400 per 10 grams on Saturday (August 21).
In India’s financial capital Mumbai, 22 carat gold and 24 carat gold per 10 grams are being sold at Rs 46,390 and Rs 47,390 respectively. Meanwhile, in Chennai, 22 carat gold is being sold at Rs 44,640 per 10 grams while 24 carat gold is being sold at Rs 48,700. Read also: Microsoft invests Rs 37 crore in Oyo to go under IPO
Talking about Kolkata, 22 carat gold per 10 grams is selling at Rs 46,580 per 10 grams while 24 carat gold is trading at Rs 49,280 per 10 grams in the capital of West Bengal. Read also: Focus on your business and keep your mouth shut: Realme hits back at Xiaomi’s ‘kitna copy karoge’
Gold Price in Indian Cities:
City 22 carat gold price 24 carat gold price
Bangalore Rs 44,240 Rs 48,270
Hyderabad Rs 44,240 Rs 48,270
Pune Rs 45,580 Rs 48,800
Jaipur Rs 46,440 Rs 48,790
Lucknow Rs 46,390 Rs 50,610
Patna Rs 45,580 Rs 48,800
Chandigarh Rs 46,340 Rs 48,980
Surat Rs 46,740 Rs 48,790
– Data is taken from Good Returns.
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