Gold Rate Today: Gold prices witnessed yet another increase on Saturday. The yellow metal rates went up by Rs 5,100 per 100 gram, the Good Returns website showed. The Gold rate per 10 gram rose by Rs 510, following which 10 gram of 22-carat gold price in India is Rs 44,800 and the 100 gram 22-carat gold price is Rs 4,48,000. Yesterday, gold was priced at Rs 44,290 per 10 grams. Notably, gold has been witnessing a hike for the past few days. However, the precious metal is still down Rs 9,000 from August highs of Rs 56,200.
In cities like Mumbai, Kolkata, and Chennai, the precious metal was trading at Rs 44,810, Rs 46,860, and Rs 45,920 respectively for 10 grams of 22-carat gold.
Check Revised Rates in Your City Here
|City||22-k gold (per 10 gm)||24-k gold (per 10 gm)|
|Chennai||Rs 44,980||Rs 49,070|
|Bangalore||Rs 44,510||Rs 48,560|
|Delhi||Rs 45,920||Rs 49,960|
|Mumbai||Rs 44,810||Rs 45,810|
|Kerala||Rs 44,510||Rs 48,560|
|Patna||Rs 44,810||Rs 45,810|
|Coimbatore||Rs 44,980||Rs 49,070|
|Pune||Rs 44,810||Rs 45,810|
|Ahmedabad||Rs 47,070||Rs 49,070|
Readers must note that the prices of gold and silver vary across the country owing to the excise duty, state taxes, and other levies. Gold prices also vary in jewellery shops.
Should you buy gold now?
Fresh buying should be done only at corrective dips, advised Kotak Securities. “Gold has edged up as Fed officials seem to have managed to convince bond market players that rates may remain low for a long time. The momentum for gold still looks positive. However with challenges persist in form of increasing US optimism hence fresh buying should be only at corrective dips,” Mint reported quoting Kotak Securities.
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