Gold price down Rs 1500 today, good news ahead of Diwali

Gold price down: On account of rising dollar index and speculations about US Fed rate hike in upcoming FOMC meeting, gold price remained under pressure throughout the week gone. Gold price down Rs 1500 today, good news ahead of Diwali. Gold price down Rs 1500 today, good news ahead of Diwali.

On Multi Commodity Exchange (MCX), gold rates ended at Rs 50,280 per 10 gm levels on Friday, logging an intraday loss of over Rs 600 per 10 gm whereas on weekly basis, MCX gold price recorded loss of Rs 1,719 per 10 gm or 3.30 per cent. In spot market, gold price logged 1.33 per cent dip on Friday and closed at $1,643 per ounce levels. Gold price down Rs 1500 today, good news ahead of Diwali.

The price of Gold dropped by 1.17 per cent on Saturday in India, with Pure Gold costing Rs 50,290 per 10 grams as per MCX. The price of pure Gold in Hyderabad saw a drop of Rs 50 from yesterday, standing at Rs 49720 per 10 grams. The price of 22-carat gold is Rs 47350.

The price of Chennai saw similar changes too. Gold rate in Bangalore, Mumbai, Kolkata did not experience any major change today. The cost of Standard gold in Bangalore is Rs 47900 per 10 grams whereas that of Pure Gold is Rs 50300 per 10 grams.

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Today Gold Rate 22 and 24 carat:

Chennai – Rs.47,350, Rs 49,720

Mumbai – Rs.47,630, Rs.50,010

Delhi – Rs.47,850, Rs.50,240

Kolkata – Rs.48,200, Rs.50,610

Bangalore – Rs.47,900, Rs.50,300

Hyderabad – Rs.47,350, Rs.49,720

Bhopal – Rs.47,630, Rs.50,010

Pune – Rs.46,580, Rs.48,910

Vadodara – Rs.48,690, Rs.50,910

Ahmedabad – Rs.47,910, Rs.50,310

Lucknow – Rs.46,890, Rs.49,230