For those paying attention to the gold market, the past week’s events may have created an opportunity. The substantial slide in gold values would provide the necessary relief to buyers and investors alike.
The fall in prices of 24-carat gold was ₹1150, while that of 22-carat gold was ₹1050. Let’s check the gold rates in the top 10 cities in India and see how they serve you.
Current Gold Rate in India
Saturday, March 2, saw 22-carat gold prices across the major cities of Mumbai, Chennai, and Kolkata reach ₹79,400 per 10 grams. On the contrary, 24-carat gold enjoys a price of ₹86,620 per 10 grams. The fall in prices, however, is not limited to gold; silver prices too have taken a plunge, thus making it a good opportunity for buyers.
Gold Rates in: Delhi
In the capital city of Delhi, the price of 24-carat gold was ₹86,770, while for 22-carat gold the price was ₹79,550 per 10 grams.
Gold Rates in: Mumbai, Chennai, and Kolkata
The price of the 22-carat gold in Mumbai, Chennai, and Kolkata is ₹79,400 per 10 grams, while for 24-carat gold it is ₹86,620.
Rates in: Jaipur, Lucknow, and Chandigarh
In Jaipur, Lucknow, and Chandigarh regions of India, 22-carat gold holds a market rate of ₹79,550 per 10 grams, and 24-carat gold is at ₹86,770 per 10 grams.
Hyderabad Gold Rates
People of Hyderabad can buy 22-carat gold at ₹79,400 per 10 grams and 24-carats gold at ₹86,620 per 10 grams.
Gold Rates in: Bhopal and Ahmedabad
Moving onto Ahmedabad and Bhopal, the retail price for 22-carat gold stood at ₹79,450 per 10 grams while 24-carat gold was rating ₹86,670 per 10 grams.
Why Did the Rates Drop?
The rates of gold, as of now, have come down owing to various factors ranging from global market trends, demand and supply shifts, and international gold price alterations.Thus, it may be the perfect time for gold jewellery or gold bullion buyers to go ahead with their purchases.