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Aug 21, 2014, 01.42 PM IST | Source: Moneycontrol.com

Gold rates today: Latest updates on gold prices

Gold prices were trading lower in major cities of India on Thursday. In Delhi market, prices of 24-carat gold per 10 gram declined by Rs 140 at Rs 28420 and rates of 22-carat were down by Rs 140 at Rs 26830.

Gold extended losses to a fifth session on Thursday, dropping to a two-week low after the US dollar strengthened on indications from the US Federal Reserve that it could raise interest rates sooner than expected.

A surprisingly strong recovery in the US job market could lead the Fed to raise interest rates earlier than it had been anticipating, minutes from the Fed's July meeting showed, although most officials wanted further evidence before changing their view, reported Reuters.

Gold prices on MCX were trading lower on Thursday. At 13:34 hrs MCX Gold October contract was trading at Rs 27990 down Rs 222, or 0.79 percent.

The Gold rate touched an intraday high of Rs 28161 and an intraday low of Rs 27968. So far 5113 contracts have been traded. Gold prices have moved down Rs 310, or 1.10 percent in the October series so far.

Spot gold rates in major cities of India

Chennai

Prices of 24-carat gold per 10 gram slipped by Rs 140 at Rs 28370 and rates of 22-carat slipped by Rs 130 at Rs 26530.

Mumbai

Prices of 24-carat gold per 10 gram shed by Rs 150 at Rs 28290 and rates of 22-carat fell by Rs 140 at Rs 26720.

Delhi

Prices of 24-carat gold per 10 gram declined by Rs 140 at Rs 28420 and rates of 22-carat were down by Rs 140 at Rs 26830.

Kolkata

Prices of 24-carat gold per 10 gram were down by Rs 140 at Rs 28400 and rates of 22-carat shed by Rs 130 at Rs 26840.

Hyderabad

Prices of 24-carat gold per 10 gram fell by Rs 140 at Rs 28450 and rates of 22-carat slipped by Rs 130 at Rs 26900.

Bangalore

Prices of 24-carat gold per 10 gram were down by Rs 140 at Rs 28370 and rates of 22-carat were down by Rs 130 at Rs 26810. 

City 24-Carat (Rs) Change (Rs) 22-Carat (Rs) Change (Rs)
Chennai 28370 -140 26530 -130
Mumbai 28290 -150 26720 -140
Delhi 28420 -140 26830 -140
Kolkata 28400 -140 26840 -130
Hyderabad 28450 -140 26900 -130
Bangalore 28370 -140 26810 -130
 

 

 

 

 

C lick here for all other information on gold

Disclaimer: These are only indicative spot market prices obtained from market sources. Investors are advised to confirm the rates before buying or selling as actual prices may vary. Moneycontrol.com will not responsible for any loss incurred by acting on these prices.

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