Gold Prices India: 10 Grams Of 22K Yellow Metal Jumps After Falling By Rs 2000

Gold prices in India today surged after witnessed decline for 3 consecutive days as investors looking forward to key US economic data for more clarity on Federal Reserve's interest rate trajectory. 22K of 10 grams gold today surged by Rs 450 to Rs 66,600. 100 grams of 22K gold prices rallied by Rs 4500 in the country today to 6,66,000.Meanwhile, 24 carat of 10 grams gold today soared by Rs 490 to Rs 72,650 and 100 grams of 24 carat yellow metal rose by Rs 4900 to 7,26,500. It is worth mentioning here that 10 grams of 22 carat yellow metal declined by Rs 2000 in last 3-days span (declined by Rs 1400 on April 24, fell by Rs 500 on April 22, and slipped by Rs 100 on April 20).

On the other hand, 10 grams of 18 carat gold price in India is quoted at Rs 54,490 after the gain by Rs 370 and 100 grams of 18 carat precious metal surged by Rs 3700 to 5,44,900 on April 24, 2024.

22k/10 Grams Gold Price Movement In Last 10-Days In India

Gold prices today soared by Rs 450, fell massively by Rs 1400 on April 23, again declined by Rs 500 on April 22, remained unchanged on April 21, slipped marginally by Rs 100 on April 20, soared by Rs 500 on April 19, declined by Rs 300 on April 18, remained stable on April 17, gained again sharply by Rs 900 on April 16, and surged by Rs 550 on April 15 in India.

Spot gold surged 0.2% to $2,327.86 per ounce by 0429 GMT, after falling its lowest since April 5 in the previous session. U.S. gold futures were steady at $2,340.90.

According to Reuters, "A false break of $2,300 on Tuesday likely means that gold prices will remain rangebound heading into US inflation data and the BOJ meeting... I expect gold to tread water between $2,300 and $2,350 unless a fresh catalyst arrives," City Index senior analyst Matt Simpson said.

This week investor will be focusing on the U.S. gross domestic product (GDP) data scheduled to be declared on Thursday and the Personal Consumption Expenditures (PCE) report scheduled to announced on Friday.

Jateen Trivedi, VP Research Analyst, LKP Securities, said the decline in gold prices was fueled by declining tensions in the West Asia over the weekend, with both Iran and Israel refraining from further attacks.

Meanwhile, silver prices India witnessed marginal decline on April 24, 2024. The price of 1kg silver today got cheaper by Rs 100 to Rs 82,900.

Gold prices In 5 key metropolitan cities of India on April 24, 2024:

Gold Price Chennai: Price of 10 grams of 22 carat of gold price Chennai today is Rs 67,300 and cost of 10 grams of 24 carat gold is Rs 73,420.

Yellow Metal Price Mumbai: Price of 10 grams of 22 carat gold in Mumbai on April 24 is Rs 66,600 and cost of 10 grams of 24 carat yellow metal is Rs 72,650.

Precious Metal Price Delhi: Price of 10 grams of 22 carat yellow metal in Delhi on April 24 is Rs 66,750 and cost of 10 grams of 24 carat gold is Rs 72,800.

Gold Price Kolkata: Price of 10 grams of 22 carat of yellow metal in Kolkata on April 24, 2024 is Rs 66,600 and cost of 24 carat of 10 grams gold is Rs 72,650.

Gold Price Kerala: Cost of 10 grams of 22K gold in Kerala is Rs 66,600 and price of 24K yellow metal is Rs 72,650/10 grams.