Gold prices opened lower on June 9 amid global uncertainties. Gold's August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 96,860 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 June 9:
City | Price of 24k gold | Price of 22k gold |
Delhi | Rs 97,840/10g | Rs 89,700/10g |
Mumbai | Rs 97,690/10g | Rs 89,550/10g |
Chennai | Rs 97,690/10g | Rs 89,550/10g |
Kolkata | Rs 97,690/10g | Rs 89,550/10g |
Bengaluru | Rs 97,690/10g | Rs 89,550/10g |
Jaipur | Rs 97,840/10g | Rs 89,700/10g |
Lucknow | Rs 97,840/10g | Rs 89,700/10g |
Hyderabad | Rs 97,690/10g | Rs 89,550/10g |
Ahmedabad | Rs 97,740/10g | Rs 89,600/10g |
"Last week, the yellow metal fell by more than 2 percent on growing optimisim in the markets after US President Donald Trump and Chinese leader Xi Jinping agreed to further talks to settle trade disputes...On the other hand, Silver prices notched a fresh 13-year high and have surged by more than 23 percent this year owing to rising demand from industrial users especially solar-panel makers and from nervous investors piling into precious metals," said Angel One in its latest report.
Also read: RBI releases final guidelines for Lending Against Gold and Silver Collateral
"Today, gold prices are likely to trade lower as markets discount a stronger-than-expected U.S. jobs report that cooled expectations of interest rate cuts from the Federal Reserve," the report further said.
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