New Delhi: On Thursday, the price of gold was trading lower by more than Rs 250 per 10 grams. The price of 22 carat gold was Rs 47,150 per 10 grams, as against Rs 47,400 earlier. Meanwhile, the price of 24 carat gold was also trading with a fall of Rs 270. The price of 24 carat gold was Rs 51,440 as against Rs 51,710 earlier.
gold prices Dollar and Treasury yields rallied after the Federal Reserve announced the biggest US interest rate hike since 1994 and flagged economic risks. At 4:09 a.m. EDT (2009 GMT) spot gold was up 1.4% to $1,833.42 an ounce, while US gold futures were up 0.3% to $1,819.60 an ounce. A Reuters report said gold got a shot in the arm as the dollar and yields fell, especially after Fed Chair Jerome Powell said a 75 bps hike would not be common and if inflation eases.
Here are indicative prices of 22 karat gold as of today, June 16, 2022 (excluding GST, TCS and other charges).
Chennai: Rs 47,200
Mumbai: Rs 47,150
Delhi: Rs 47,170
Kolkata: Rs 47,150
Bengaluru: Rs 47,170
Hyderabad: Rs 47,150
Kerala: Rs 47,150
Ahmedabad: Rs 47,190
Jaipur : Rs 47,330
Lucknow : Rs 47,330
Patna : Rs 47,220
Chandigarh: Rs 47,330
Bhubaneswar: Rs 47,170
Gold prices rose by Rs 3 to Rs 50,304 per 10 grams in the national capital in line with the rise in international prices of the precious metal. In the previous trade, gold had closed at Rs 50,301 per 10 grams. Silver also rose by Rs 304 to Rs 60,016 per kg from Rs 59,712 per kg in the previous trade.
(Disclaimer: Prices are only indicative aggregated from various sources. You should reconcile the price with your jeweler before investing/buying.)