Gold price collapse today: Here is the details

The gold market narrative has been driven by the contrasting effects of persistently high inflation and central banks raising interest rates in response. Gold price collapse today: Here is the details.

With the US dollar recently hitting a 20-year high and Treasury yields rising above 3.3%, gold prices dropped to around $1,700 an ounce, as the US Federal Reserve (Fed) looks set to continue aggressively hiking interest rates, especially in light of higher-than-expected inflation numbers released. Gold price collapse today: Here is the details.

The gold rate in India which was on the rise has decreased today. There is no change in the silver price even today. If you are also thinking of buying gold what is the current price of gold in major cities of India? Here is the information.

Gold price in India has decreased today. 22 carat gold price is Rs.45,950 since 2 days. 45,850 Rs. is Also, the price of 24 carat gold is Rs 50,130. 50,020 Rs. is International trend in gold rate fluctuation, import duty on gold and dollar against Rs. Value becomes critical.

According to Good Returns, today’s price of 22 carat gold in major cities including Bangalore, Chennai, Hyderabad is as follows. Chennai- 46,320 Rs. Mumbai- Rs 45,850, Delhi- Rs 46,000, Kolkata- Rs 45,850, Bangalore- Rs 45,900, Hyderabad- Rs 45,850, Kerala- Rs 45,850, Pune- Rs 45,880, Mangalore- Rs 45,900, Mysore- Rs 45,900.

So, today’s price of 24 carat gold is as follows: Chennai- Rs 50,530, Mumbai- Rs 50,020, Delhi- Rs 50,170, Kolkata- Rs 50,020, Bangalore- Rs 50,070, Hyderabad- Rs 50,020, Kerala- Rs 50,020, Pune- Rs 50,050, Mangalore – Rs 50,070, Mysore- Rs 50,070.

Also Read: Dasara Holiday: schools holiday start from September 26

Today’s Silver Rate: Silver price has remained unchanged for 3 days. 3 days ago 1 kg silver price was Rs 56,400. Today it is Rs 56,700. is If we look at the silver price of major cities in India, Bangalore- Rs 62,000, Mysore- Rs 62,000, Mangalore- Rs 62,000, Mumbai- Rs 56,700, Chennai- Rs 62,000, Delhi- Rs 56,700, Hyderabad- Rs 62,000, Kolkata- Rs 56,700.