Gold prices remain in focus on August 27 as Ganesh Chaturthi is being celebrated in various parts of India. Many consider buying gold and other items auspicious during this day.
Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on August 27:
City | Price of 24k gold | Price of 22k gold |
Delhi | Rs 1,02,590/10g | Rs 94,050/10g |
Mumbai | Rs 1,02,440/10g | Rs 93,900/10g |
Chennai | Rs 1,02,440/10g | Rs 93,900/10g |
Kolkata | Rs 1,02,440/10g | Rs 93,900/10g |
Bengaluru | Rs 1,02,440/10g | Rs 93,900/10g |
Jaipur | Rs 1,02,590/10g | Rs 94,050/10g |
Lucknow | Rs 1,02,590/10g | Rs 94,050/10g |
Hyderabad | Rs 1,02,440/10g | Rs 93,900/10g |
Ahmedabad | Rs 1,02,490/10g | Rs 93,950/10g |
"The market focus now shifts to next week’s US unemployment data and non-farm payrolls, which, along with expectations of a September Fed rate cut, are likely to keep gold supported. Meanwhile, geopolitical tensions surrounding the Russia-Ukraine conflict and ongoing peace talks continue to add volatility. Overall, gold maintains a positive bias with an expected trading range of Rs 99,000–Rs 1,02,000," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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