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Gold Jumps 1% on Rate Cut Hopes, Should You Buy Now?

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In Mumbai, rose sharply. The price of 24-carat gold rose to Rs. 12,322 per gram from Rs. 12,202 a day earlier, while 10 grams traded at Rs. 1,23,220 compared to yesterday’s Rs. 1,22,020.

Similarly, 22-carat gold rose to Rs. 11,295 per gram from Rs. 11,185, with the 10-gram price reaching Rs. 1,12,950 from Rs. 1,11,850.

In Chennai, gold prices edged slightly higher. The price of 24-carat gold rose to Rs. 12,448 per gram from Rs. 12,328 a day earlier, while 10 grams traded at Rs. 1,24,480 compared to Rs. 1,23,280 the previous day.

Similarly, 22-carat gold rose to Rs. 11,410 per gram from Rs. 11,300, with the 10-gram price gaining to Rs. 1,14,100 from Rs. 1,13,000.



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