Gold prices in India showed no significant changes on Monday (July 24). The cost of 10 grams of 24-carat gold in the country at the time of writing this story remained steady at Rs 60,160, while the rate for the same quantity of 22-carat gold was Rs 55,150.
Furthermore, on the Multi Commodity Exchange (MCX), gold futures maturing on August 4, 2023, experienced a slight decline of 0.07% at Rs 59,270 by 1:38 pm IST. Similarly, MCX silver futures for September 5 were down 0.65% at Rs 74,484 by 2:30 pm IST.
Globally, gold prices saw a minor increase in early Asian trading on Monday, with investors eagerly anticipating the outcome of the Federal Reserve meeting scheduled for the week. Spot gold rose slightly to $1,961.27 per ounce as of 0049 GMT, while US gold futures dipped 0.2% to $1,963.10.
In the national capital, the gold rate for 24-carat (10 grams) stands at Rs 60,320, while 22-carat (10 grams) is priced at Rs 55,300. In Chennai, the rate for 24-carat (10 grams) gold is Rs 60,490, and 22-carat (10 grams) is Rs 55,450.
Gold prices in major Indian cities on July 24, Monday:
– Kolkata: 24-carat gold is priced at Rs 60,160, while 22-carat gold is Rs 55,150.
– Mumbai: 22-carat gold is priced at Rs 55,150, and 24-carat gold at Rs 60,160, aligning with the prices in Hyderabad, Kerala, Pune, and Bhubaneswar.
– Vadodara: 24-carat gold costs Rs 60,220, and 22-carat gold is Rs 55,200, matching the prices in Ahmedabad, Bangalore, Surat, and Mysore.
– Chandigarh: The price for 24-carat gold is Rs 60,320, and 22-carat gold is Rs 55,300, which is consistent with the prices in Lucknow, Jaipur, and Noida.