Gold rate down today, lowest in 6 months: check today rate in top cities

Gold price today went up marginally by Rs 60 per 10 grams. Even after the slight increase, gold rate is hovering at Rs 45,100-mark per 10 grams of 22-carat. The low-level of gold price brings cheers to common buyers during the festive season.

In global markets, gold prices inched higher but held near a seven-week low, hurt by a strong US dollar. Spot gold was up 0.2% at $1,729.83 per ounce, recovering from a 7-week low of $1,720.49, hit on Wednesday.

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The dollar index dipped slightly today but held near a year’s high touched on Wednesday, raising gold’s cost for buyers in other currencies. The dollar index was down slightly at 94.278. Meanwhile, benchmark US 10-year Treasury yields were a tad lower but held above 1.5%, a level not seen since late June, still posing a challenge for gold.

“Gold must break through $1756 to resume the uptrend, otherwise this uptrend will be seen as a bearish. Bearish correction if gold breaks through $1730 then during the day we could see the yellow metal drop to $1717-$1722.

Technically December MCX contract has resistance around 46350, above which it could support support at 46600 while a failure to break it could force the metal to hit new monthly lows around 45500,” he added.

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Gold Rate in Top Cities

• Gold price in Chennai is Rs 43,500 per 10 gram of 22-carat.

• Gold rate in Mumbai is Rs 45,100 per 10 gram of 22-carat.

• Gold price in Delhi is Rs 45,350 per 10 gram of 22-carat.

• In Bnegaluru, gold prince is Rs 43,200 per 10 gram of 22-carat.

• Gold rate in Hyderabad is Rs 43,200 per 10 gram of 22-carat.

• Gold rate in Kerala is Rs 43,200 per 10 gram of 22-carat.

• Gold price in Lucknow is Rs 44,000 per 10 gram of 22-carat.

• Gold rate in Patna is Rs 44,340 per 10 gram of 22-carat.

• Gold price in Nagpur is Rs 45,100 per 10 gram of 22-carat.

• Gold rate in Pune is Rs 44,340 per 10 gram of 22-carat