Gold prices dropped on May 20 as the safe-haven boost from Moody's Ratings downgrade of the US faded, and easing global geopolitical tensions pumped up risk-on sentiment.
Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 93,001 per 10 gram today.
Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on May 19:
| City | Price of 22k gold | Price of 24k gold |
| Delhi | Rs 87,250/10g | Rs 95,170/10g |
| Mumbai | Rs 87,100/10g | Rs 95,020/10g |
| Chennai | Rs 87,100/10g | Rs 95,020/10g |
| Kolkata | Rs 87,100/10g | Rs 95,020/10g |
| Bengaluru | Rs 87,100/10g | Rs 95,020/10g |
| Jaipur | Rs 87,250/10g | Rs 95,170/10g |
| Lucknow | Rs 87,250/10g | Rs 95,170/10g |
| Hyderabad | Rs 87,100/10g | Rs 95,020/10g |
| Ahmedabad | Rs 87,150/10g | Rs 95,070/10g |
Also read: Gold edges lower as haven demand from Moody’s downgrade fades
"Today, gold is trading below $3,215 per ounce, as Trump said Ukraine and Russia would “immediately start negotiations” toward a ceasefire. Investors are also awaiting speeches from several Fed officials later today for monetary policy cues. However, sharp downside may be limited ahead of a key House vote on President Trump’s major tax and spending package, which could further widen the US fiscal deficit," said Kaynat Chainwala, AVP-Commodity Research at Kotak Securities.
Also read: Has gold peaked?
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