New Delhi: On Friday (July 16), the price of gold on the Multi Commodity Exchange (MCX) plunged 342 rupees to close at 48058 rupees per gram. As the price of gold has risen by more than Rs 1,000 in recent weeks, the falling price of gold has given investors planning to invest money some breathing space.
Additionally, the price drop may be short-lived and the price of gold may begin to rise again in the next few weeks, making gold an impressive investment opportunity.
At the same time, in terms of retail prices, the retail price of 24-carat gold is 10 rupees lower than yesterday’s price of 48,350 rupees per 10 grams in Delhi. On the other hand, the price of 22 carat gold in Delhi is 47,350 rupees per 10 grams.
The retail prices of 22-carat gold and 24-carat gold in Mumbai, the financial capital of India, are 47,340 rupees and 48,340 rupees, each for 10 grams. In Chennai, 22-carat gold is priced at 45,420 rupees and 24-carat gold is priced at 49,550 rupees per 10 grams.
Gold prices in Indian cities:
City 22-carat gold price 24-carat gold price
Kolkata Rs 47,660 Rs 49,760
Bangalore Rs 45,000 Rs 49,010
Hyderabad Rs 45,000 Rs 49,010
Pune Rs 47,340 Rs 48,340
Jaipur Rs 47,410 Rs 51,710
Lucknow Rs 47,410 Rs 51,710
Patna Rs 47,340 Rs 48,340
Chandigarh Rs 47,410 Rs 51,710
Surat Rs 47,760 Rs 49,760
– The data is sourced from Good Returns.