Gold prices see a big decline, check today’s price here
Gold has seen a downtrend in prices reaching the high point of Rs 56,200 in August 2020. In the first three months of 2021, gold prices fell by Rs 5,000.
New Delhi: The prices of Gold and silver went furtehr down on Monday amid muted global cues. June gold futures were down by 0.14% on MCX reaching ₹45,355 per 10 gram while the silver futures went down to ₹65,070 per kg. This is the first quarterly drop of Gold prices since 2018 amid rising bond yields, vaccine rollouts and a hope of recovery from the pandemic. The holdings in bullion-backed exchange-traded funds have reached the lowest since May 2020.
Since reaching ₹56,200 in August, the gold prices have been on a downtrend. Gold has fell nearly ₹5,000 per 10 gram in the first three months of 2021.
Rates in the metropolitan: Rates may vary state to state due to different rate of taxes.
Check rates of 10 gram gold in your city on Monday (April 5):
Chennai: Rate of 22k gold is ₹42,790 per 10 grams and the rate of 24k gold is ₹46,680 per 10 grams.
Delhi: Rate of 22k gold is ₹44,420 per 10 grams and the rate of 24k gold is ₹48,460 per 10 grams.
Kolkata: Rate of 22k gold is ₹44,790 per 10 grams and the rate of 24k gold is ₹47,480 per 10 grams.
Mumbai: Rate of 22k gold is ₹43,920 per 10 grams and the rate of 24k gold is ₹44,920 per 10 grams.
Gold was steady in the international markets today but a gain in US dollar and firm yields of US treasury capped its upside. Spot gold was flat at $1,728.60 per ounce. US created highest number of jobs in March in seven months according to the data released on Friday. The reason being more vaccinations, fewer business restrictions and additional pandemic relief money. This better-than-expected data pushed the fears of inflation but elevation in bond yields took some shine off gold.