Gold Price In Hyderabad & Chennai Today: 22-24K/100 Gms Falls Over Rs 3,300, 18K Drops Rs 2,900; Silver Down

As investors anticipate Fed Chair Jerome Powell's speech on Wednesday for any hints on the potential for a rate cut, gold prices fell precipitously on the domestic market on Tuesday, April 15. Amid U.S.-China trade concerns and U.S.-Iran nuclear talks, gold fell to around $3,220 an ounce on Monday, falling from last week's record high of $3,245. Gold prices are projected to fluctuate in the days ahead due to persistent geopolitical concerns, such as Middle East wars, tense U.S.-China ties, and Goldman Sachs increasing its end-2025 prediction to $3,700 per ounce.

Gold & Silver Rates In Hyderabad & Chennai Today

Today, 24 carat gold costs Rs 9,518 per gram, 22 carat gold costs Rs 8,720 per gramme, and 18 carat gold costs Rs 7,225 per gram in Chennai and Hyderabad. In Chennai and Hyderabad, the price of 22k of 10 grams of gold was Rs 87,200 on Tuesday, down from Rs 87,550 on Monday. Meanwhile, the price of 22k of 100 grams of gold is Rs 8,72,000 today, down Rs 3,500 from Rs 8,75,500 yesterday.

In Chennai and Hyderabad, the price of 24k of 10 grams of gold was Rs 95,180 on Tuesday, down from Rs 95,510 on Monday. Meanwhile, the price of 24k of 100 grams of gold is Rs 9,51,800 today, down Rs 3,300 from Rs 9,55,100 yesterday.

While 18k of 100 gms of gold would cost Rs 7,22,500 in the cities today compared to Rs 7,25,000 on Monday, signifying a price decline of Rs 2,500, 18k of 10 grams of gold hit Rs 72,250 on Tuesday compared to Rs 72,500 on Monday.

In Chennai and Hyderabad, the price of silver is Rs 109.80 per gram and Rs 1,09,800 per kilogram today, as opposed to Rs 109.90 and Rs 1,09,900 yesterday.

MCX Gold Outlook Today

"On the technical front, gold remains extremely bullish. On the daily chart, several bearish RSI divergence signals have been invalidated, with MCX Gold consistently making new highs. Notably, after forming a lower low, it rebounded sharply within three sessions to post a new high - further confirming bullish control. Currently, support is placed at 92,460/90,900 and resistance at 93,900/94,300. Traders are advised to buy MCX Gold near the support zones, targeting 93,900/94,300. A daily close below 90,800 would warrant a review of the current outlook," said Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Price Outlook Today

"Gold and silver prices are trading slightly higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day, as gold prices held firm just below a record high set in the week's opening session as US plans to impose more tariffs stoked investor anxiety," commented the research team of Nirmal Bang Securities Pvt. Ltd.

Disclaimer

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