Gold Price down today Rs 3300 from record high: Check latest rates
Ten grams of 24 carat gold in Delhi, Bangalore and Chennai were priced at Rs 71,870, Rs 71,720 and Rs 72,150 respectively. In Mumbai, the price of ten grams of 22 carat gold is equivalent to Rs 65,740 in Kolkata and Hyderabad.
Gold Rate: After easing in the Iran-Israel conflict and nearing buzz of a US Fed rate cut, gold prices fell for a second consecutive week. The June 2024 gold futures contract on mCX closed at Rs 70,677 per 10 gram, registering a weekly loss of Rs 809 per 10 gram against Rs 71,486 per 10 gram at the previous Friday’s close. Gold Price down Rs 3300 from record high: Check latest rates.
However, if we compare MCX’s gold price today with its record high of Rs 73,958, which was hit on 12 April 2024, today’s gold price is around Rs 3300 per 10 grams above its record high. Spot gold prices ended Friday at $2,301 per ounce, down from the previous Friday’s close of $2,349, registering a weekly loss of about $48 per ounce.
After ending at the $2,301 level, the price of spot gold is down about $148 from its lifetime high of $2,448.80 an ounce. COMEX gold prices closed at $2,310 per troy ounce. Ten grams of 24-carat gold in Mumbai was priced at Rs 71,720, in line with prices in Kolkata and Hyderabad.
Ten grams of 24 carat gold in Delhi, Bangalore and Chennai were priced at Rs 71,870, Rs 71,720 and Rs 72,150 respectively. In Mumbai, the price of ten grams of 22 carat gold is equivalent to Rs 65,740 in Kolkata and Hyderabad.
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Ten grams of 22 carat gold in Delhi, Bangalore and Chennai were priced at Rs 65,890, 65,740 and 66,140 respectively. Silver price in Delhi is Rs 83,400 per kg in Mumbai and Kolkata. 86,900 per kilogram of silver in Chennai.
US gold fell to a one-month low on Friday despite weaker-than-expected jobs data, extending a correction from last month’s stellar rally, as geopolitical risks eased as investors booked profits. Spot gold was down 0.1 percent at $2,300.38 an ounce by 1:45 p.m. ET (1745 GMT), and recorded its second consecutive weekly decline.
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US gold futures were little changed at $2,308.6. Caught in gold’s slipstream, silver fell 0.9 percent to $26.46 and marked a weekly decline. However, platinum rose 0.8 percent to $957.05 and posted a weekly gain, while palladium also rose 0.8 percent to $943.37.
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