New Delhi: For the last few weeks, the prices of gold are being registered. On the Multi Commodity Exchange (MCX) last week, gold September futures trade closed at Rs 47,920 per 10 grams, which is much higher than June prices.
In June, gold September futures were trading at around Rs 49,000. Hence, in July, gold is selling cheaper than the previous few months, which provides a great opportunity for investors to invest in the yellow glowing metal.
As far as major cities are concerned, 24 carat gold is currently being sold at Rs 47,810 in Delhi while 22 carat gold is being sold at Rs 46,800 per 10 grams. In Mumbai, 22 carat gold is being sold at Rs 46,800 per 10 grams. Meanwhile, 24 carat gold per 10 grams is being sold at Rs 47,800 per 10 grams in the financial capital of India.
In Kolkata, 22 carat gold is being sold at Rs 47,200 per 10 grams while 24 carat gold is being sold at Rs 49,900.
Gold Price in Indian Cities:
City 22 carat gold price 24 carat gold price
Bangalore Rs 44,750 Rs 48,8208
Hyderabad Rs 44,750 Rs 48,820
Pune Rs 46,800 Rs 47,800
Jaipur Rs 46,910 Rs 50,960
Lucknow Rs 46,910 Rs 50,960,
Patna Rs.46,800 Rs 47,800
Chandigarh Rs 46,910 Rs 50,960
Surat Rs 47,150 Rs 49,150
– Data is taken from Good Returns.
Gold is selling cheaper by about Rs 8300 above record high
In 2020, stock markets around the world crashed amid fears of an economic slowdown due to COVID-19. The crash prompted investors to invest in safer instruments such as precious metals, leading to a rise in gold prices due to strong demand. Read also: Good News! Contract employees of this state will get bumper bonus
In August, the price of gold on MCX had reached a record level of Rs 56,191 per 10 grams per 10 grams. This means that gold is currently selling at Rs 8300 cheaper than the record high. Read also: Bank Alert! IFSC Codes Of These Banks Have Changed, Here’s How You Can Get New
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