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Gold prices in India saw a slight decline on Monday, with both 22-karat and 24-karat gold registering a dip in value. The price of 22-karat gold dropped by ₹100, settling at ₹82,100 per 10 grams, while 24-karat gold fell by ₹110, reaching ₹89,560 per 10 grams.
Gold Rates Per Gram
- 24-karat gold: ₹8,956 per gram
- 22-karat gold: ₹8,210 per gram
- 18-karat gold: ₹6,718 per gram (down by ₹8)
Market Trends and Factors Affecting Gold Prices
Gold prices are influenced by various global and domestic factors, including:
US Federal Reserve policies – Interest rate cuts continue to provide crucial support to gold.
Stock market movements – Fluctuations in equities can impact gold demand.
Currency exchange rates – The USD-INR exchange rate plays a key role in gold price trends.
Global demand and supply – International trade and central bank reserves affect gold prices.
Geopolitical events – Any major global crisis can lead to price surges.
Gold Prices on MCX
On the Multi Commodity Exchange (MCX), April 4 gold futures were down 0.20%, trading at ₹87,816 per 10 grams at around 9:10 AM. This follows a record high of ₹88,310 per 10 grams in the last session.
Gold Rates in Major Indian Cities (Per Gram) - March 17
| City | 22-Karat Gold | 24-Karat Gold |
|---|---|---|
| Delhi | ₹8,225 | ₹8,971 |
| Noida | ₹8,225 | ₹8,971 |
| Chennai | ₹8,210 | ₹8,956 |
| Bangalore | ₹8,210 | ₹8,956 |
| Mumbai | ₹8,210 | ₹8,956 |
| Hyderabad | ₹8,210 | ₹8,956 |
| Kolkata | ₹8,210 | ₹8,956 |
| Ahmedabad | ₹8,215 | ₹8,961 |
| Patna | ₹8,215 | ₹8,961 |
Gold remains a popular investment choice in India, and fluctuations in price often influence buying trends. Whether you're planning to invest or purchase jewelry, keeping track of daily price updates can help make informed decisions.
