Gold prices dipped on May 9 amid rising geopolitical uncertainties and strengthening dollar. Gold's June contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 96,020 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 9:
| City | Price of 22k gold | Price of 24k gold |
| Delhi | Rs 90,300/10g | Rs 98,500/10g |
| Mumbai | Rs 90,150/10g | Rs 98,350/10g |
| Chennai | Rs 90,150/10g | Rs 98,350/10g |
| Kolkata | Rs 90,150/10g | Rs 98,350/10g |
| Bengaluru | Rs 90,150/10g | Rs 98,350/10g |
| Jaipur | Rs 90,300/10g | Rs 98,500/10g |
| Lucknow | Rs 90,300/10g | Rs 98,500/10g |
| Hyderabad | Rs 90,150/10g | Rs 98,350/10g |
| Ahmedabad | Rs 90,200/10g | Rs 98,400/10g |
"Sentiment turned negative following the announcement of a US-UK trade agreement, which bolstered the US Dollar Index above the key 100 level, typically bearish for bullion. Additionally, heightened geopolitical tensions between India and Pakistan have added to market uncertainty, suggesting that volatility in gold may persist in the near term," said Axis Securities in its latest report.
Also read: Why gold prices can touch the $4,000 mark
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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