There was a rise in the prices of gold and silver in the futures market on Tuesday. On the Multi Commodity Exchange (MCX) at 10:01 am, the price of gold for the delivery contract of April 2 increased by 0.87 percent to ₹ 1,57,098 per 10 grams compared to the previous session. At the same time, silver price for delivery contract for May 5 rose 2.27 per cent to Rs 2,62,350 per kg from the previous session.
Spot price of gold in metros today
A slight difference is being seen in the prices of gold today in major cities of the country. Prices of 24 carat, 22 carat and 18 carat gold are trading at different levels in different cities:
- According to goodreturns, in the capital Delhi today, 24 carat gold (99.9% purity) is being sold at ₹15,877 per gram, while 22 carat gold (91.6% purity) is selling at ₹14,555 per gram and 18 carat gold (75% purity) is at ₹11,912 per gram.
- Whereas in Mumbai the price of 24 carat gold is ₹ 15,862 per gram. Here 22 carat gold is available at ₹ 14,540 per gram and 18 carat gold at ₹ 11,897 per gram.
- Even in Kolkata, the major city of Eastern India, gold prices are almost equal to Mumbai. Here 24 carat gold is ₹15,862 per gram, 22 carat gold is ₹14,540 per gram and 18 carat gold is ₹11,897 per gram.
- The price of gold is slightly higher in the South Indian city of Chennai. Here 24 carat gold is trading at ₹15,982 per gram, 22 carat gold at ₹14,650 per gram and 18 carat gold at ₹12,330 per gram.
- Apart from this, in Bengaluru, 24 carat gold remains at ₹ 15,862 per gram, 22 carat gold at ₹ 14,540 per gram and 18 carat gold at ₹ 11,897 per gram.
Gold prices change daily depending on the international market, movement of the dollar and local demand.
Gold rose marginally in the global market
Gold prices rose modestly to about $5,020 an ounce on Tuesday, but still remain near their lowest level in nearly a month, according to tradingeconomics. Investors and traders are still assessing the potential impact of the Middle East crisis on inflation and monetary policy. The conflict between the US-Israel and Iran has now entered its third week. Iran has stepped up attacks on energy infrastructure across the region, while President Donald Trump has threatened a direct attack on Iranian oil facilities on Kharg Island. The conflict has kept energy prices high, raising concerns over the risk of rising inflation and the possibility of central banks taking a tighter stance.
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