New Delhi: On Friday (July 2) the last trading day of the current week, gold was trading at Rs 47,300 per 10 grams on the Multi Commodity Exchange (MCX) with a gain of more than Rs 300. Slight correction over the past few days, the yellow metal is still cheaper by around Rs 8800 from its record highs. This means that investors planning to invest in gold should invest their money in the yellow metal now as the prices are expected to rise in the coming weeks.
On Saturday (July 3), 24 carat gold is being sold at Rs 50,450 per 10 grams in Delhi. Meanwhile, 22 carat gold is being sold at Rs 46,450 per 10 grams in the national capital.
In Mumbai, 22 carat gold and 24 carat gold per 10 grams are being sold at Rs 46,400 and Rs 47,300 respectively. At the same time, 22 carat gold is being sold at Rs 46,900 per 10 grams in Kolkata while 24 carat gold is being sold at Rs 49,600.
Gold Price in Indian Cities:
City 22 carat gold price 24 carat gold price
Chennai Rs 44,850 Rs 48,930
Bangalore Rs 44,300 Rs 48,330
Hyderabad Rs 44,300 Rs 48,330
Pune Rs 46,300 Rs 47,300
Jaipur Rs 46,450 Rs 50,450
Lucknow Rs 46,450 Rs 50,450
Patna Rs 46,300 Rs 47,300
Chandigarh Rs 46,450 Rs 50,450
Surat Rs 46,700 Rs 48,700
– Data is taken from Good Returns.
Gold being sold cheaper by about Rs 8,800 from record high
In 2020, gold prices hit record highs following a fall in the stock market due to the COVID-19 driven economic slowdown. The yellow metal had hit a record high of Rs 56,191 per 10 grams on MCX in August last year. Read also: Dogecoin spin-off ‘Baby Doge’ price jumps after Elon Musk tweet
Overall, gold investments gave 43% returns in 2020. While gold is currently selling at Rs 47,300 per 10 grams, the yellow metal is selling at Rs 8,800 cheaper than its record high. Read also: Committed to empowering our traders: PM Modi on steps to include retail, wholesale trade as MSMEs
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