Gold rate today: Prices in India rise after two-day drop
There was a surge in gold prices across major cities with an overall price increase of around ₹ 1,000.
Overall, across major cities the gold prices surged by ₹ 1,070 for 22 carat gold and by ₹ 1,160 for 24 carat gold per 10 grams. City 22K (per 10 grams) 24K (per 10 grams) Delhi Rs. 90,383 Rs. 98,583 Mumbai Rs. 90,237 Rs. 98,437 Chennai Rs. 90,231 Rs. 98,431 Bengaluru Rs. 90,225 Rs. 98,425 Kolkata Rs. 90,235 Rs. 98,435 Pune Rs. 90,243 Rs. 98,443
Among the major cities the gold rate of 24 carat gold was the most in Delhi, priced at ₹ 98,583. While it was the lowest in Bengaluru with price ₹ 98,425. In Mumbai gold was priced at ₹ 98,437 and in Chennai it was ₹ 98,431. In Kolkata the gold price was also around the same with ₹ 98,435. Follow for live updates on gold prices
In terms of 22 carat gold price per 10 grams, gold prices declined by ₹ as compared to the prices on Tuesday. In Delhi, the gold rate was ₹ 90,383, while in Mumbai gold was priced at ₹ 90,237. For the metropolitan cities of Kolkata, Chennai and Bengaluru the gold rate was ₹ 90,235, ₹ 90,231 , ₹ 90,225 respectively. For 22 carat gold, the price was the highest in Delhi while it was the lowest in Bengaluru. Gold rate decline in international market
After the rise of gold rates in the international market on Tuesday, prices edged lower on Wednesday. The prices come amid the investors still waiting for US payroll data and assessing Federal Reserve Chair Jerome Powell's cautious stance on rate cuts. With this, spot gold on Wednesday was down 0.2 per cent at $3,330.68 per ounce, while US gold futures fell 0.3 per cent to $3,340.60, Reuters reported.
US job openings increased in May but a decline in hiring was seen with shifting labour markets due to Donald Trump's tariff uncertainty, Reuters reported. Investors now await for the employment data, due later in the day, and nonfarm payroll figures on Thursday for further insights into labour market conditions. Meanwhile, the US Senate Republicans narrowly passed Trump's tax-and-spending bill on Tuesday, a package cutting taxes, reducing social safety net programmes, and boosting military spending, while adding $3.3 trillion to the national debt.
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