Gold Price Today: MCX Gold futures for June expiry inched 0.09 per cent lower at 71,083.00 for 10 grams on Wednesday (May 8) while MCX Silver futures for July expiry inched 0.11 per cent lower to 82,783.00.
As per GoodReturns, the price of gold decreased by Rs 10 to stand at Rs 6,625 per gram for 22 karat gold and Rs 7,227 per gram for 24 karat gold (also called 999 gold).
Check price of gold in key cities:
New Delhi: The gold price in Delhi today is Rs 6,640 per gram for 22 karat gold and Rs 7,242 per gram for 24 karat gold.
Mumbai: The gold price in Mumbai today is Rs 6,625 per gram for 22 karat gold and Rs 7,227 per gram for 24 karat gold.
Chennai: The gold price in Chennai today is Rs 6,630 per gram for 22 karat gold and Rs 7,233 per gram for 24 karat gold.
Ahmedabad: The gold price in Ahmedabad today is Rs 6,630 per gram for 22 karat gold and Rs 7,232 per gram for 24 karat gold.
Spot Gold
Gold prices were little changed as market participants assessed the timeline for potential US interest rate cuts by Federal Reserve and looked for fresh cues for further clarity on monetary policy.
Spot gold was nearly steady at $2,315.98 per ounce. US gold futures was flat at $2,322.80.
“The Fed is worried about inflation but isn’t going to hike rates more and still wants to cut if it gets a chance – this is the story. Not much will happen to the story until we get CPI next week,” said Ilya Spivak, head of global macro at Tastylive, as reported by Reuters.
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First uploaded on: 08-05-2024 at 13:22 IST
