New Delhi: Gold prices have dipped a little as the dollar began its recovery in the market. While the prices of the yellow metal plummets in Delhi, in a few cities, gold is still trading at prices above Rs 60,000 per 10 grams. As per Good Returns, in Delhi, the 24-karat gold prices have gone down by Rs 110 to Rs 59,880 per 10 grams on March 27.
Among the big cities, in Chennai, the yellow metal is trading at Rs 60,400 per 10 grams for 24k and Rs 55,350 for 22k. The gold saw a rise in the month of March and even touched the Rs 60,000 mark in Delhi, but went down since March 25.
The prices in other big cities including Mumbai and Hyderabad, the gold prices are even lower as compared to Delhi.
Check the gold prices in various cities of India:
City | 22k Gold Price Today (in Rs/10 gms) | 24k Gold Price Today (in Rs/10 gms) |
Delhi | 54,900 | 59,880 |
Chennai | 55,350 | 60,400 |
Mumbai | 54,710 | 59,690 |
Hyderabad | 54,710 | 59,690 |
Bengaluru | 54,800 | 59,780 |
Kolkata | 54,710 | 59,690 |
Ahmedabad | 54,800 | 59,780 |
Jaipur | 54,900 | 59,880 |
Bhiwandi | 54,740 | 59,720 |
Noida | 54,900 | 59,880 |
In the international markets, the yellow metal was trading at USD 1976.50 as the prices went down by 0.37 percent.
As per the Head of Treasury Finrex Treasury Advisors LLP, Anil Kumar Bhansali, the foreign exchange reserves rose by nearly USD 13 billion as RBI bought dollars to keep the rupee within the required range. Dollar fell a bit on March 24 in comparioson to the Indian Rupee but has begun to show signs of recovery as, in the morning of March 27, USD 1 was equal to Rs 82.36.
It is advised to buy gold when it is priced at Rs 59,000 and meanwhile, on MCX, the April Gold Futures had the intraday price of Rs 59,105 for every 10 grams.