Gold Rate Update In South India: See How Prices Differ In Bangalore, Chennai & Hyderabad Today

Gold prices in South India's key cities, including Chennai, Hyderabad, and Bangalore, fell precipitously for the second day in a row. Gold prices in the cities fluctuated from yesterday, indicating continued market turbulence. Amid the festive season, here are the updated gold rates in Hyderabad, Chennai, and Bangalore as well as the main market variables influencing the price change.

Gold Rates In Bangalore Today

Today, 24 carat gold costs Rs 12,246 per gram, 22 carat gold costs Rs 11,225 per gramme, and 18 carat gold costs Rs 9,184 per gram in Bangalore.

In Bangalore, 24k of 10 grams of gold today cost Rs 1,22,460, down Rs 820 from yesterday's price of Rs 1,23,280. This indicates that 24k of 100 grams of gold dropped by Rs 8,200 on Tuesday, reaching Rs 12,24,600 in Bangalore.

Today 22k of 10 grams of gold will cost Rs 1,12,250 compared to Rs 1,13,000 yesterday, representing a price drop of Rs 750 which means that 22k of 100 grams of gold has become cheaper by Rs 7,500 to cost Rs 11,22,500 in Bangalore on Tuesday.

Gold rates in Bangalore today stood at Rs 91,840 for 18k of 10 grams, which was Rs 92,460 yesterday representing a price drop of Rs 620 which means that 18k of 100 grams of gold has become cheaper by Rs 6,200 to cost Rs 9,18,400 price level in Bangalore on Tuesday.

In Bangalore, the price of silver is Rs 152 per gramme and Rs 1,52,000 per kilogramme today, as opposed to Rs 157 and Rs 1,57,000 yesterday.

Gold Price In Hyderabad Today

Today's gold prices in Hyderabad are Rs 9,184 per gramme for 18 carat gold, Rs 11,225 per gramme for 22 carat gold, and Rs 12,246 per gramme for 24 carat gold.

In Hyderabad on Tuesday, 24k of 10 grams of gold would cost Rs 1,22,460, down Rs 820 from yesterday's price of Rs 1,23,280. This indicates that 24k of 100 grams of gold has dropped in price by Rs 8,200, to Rs 12,24,600.

The price of gold in Hyderabad dropped by Rs 750 today, from Rs 1,13,000 yesterday to Rs 1,12,250 for 10 grams of 22k. This indicates that the price of 22k of 100 gms of gold has gone down by Rs 7,500, reaching Rs 11,22,500 in Hyderabad on Tuesday.

Gold price in Hyderabad on Tuesday hit Rs 91,840 for 18k of 10 grams compared to Rs 92,460 on Monday reflecting a price drop of Rs 620 which indicates that 18k of 100 gms of gold in Hyderabad today has become cheaper by Rs 6,200 to reach at Rs 9,18,400.

The price of silver in Hyderabad today is Rs 165 per gram and Rs 1,65,000 per kilogram compared to Rs 170 and Rs 1,70,000 yesterday.

Gold Prices In Chennai Today

The price of gold in Chennai today is Rs 12,328 per gram for 24 karat gold, Rs 11,300 per gram for 22 karat gold and Rs 9,450 per gram for 18 karat gold.

Today 24k of 10 grams of gold will cost Rs 1,23,280 in Chennai which was Rs 1,24,910 yesterday representing a price drop of Rs 1,630 which means that 24k of 100 grams of gold have become cheaper by Rs 16,300 in Chennai overnight to cost Rs 12,32,800.

Gold prices in Chennai dropped by Rs 1,500 from Rs 1,14,500 yesterday to Rs 1,13,000 today for 22k of 10 grams. This indicates that the price of 22k of 100 grams of gold dropped by Rs 15,000 overnight to Rs 11,30,000.

Gold prices in Chennai dropped by Rs 1,250 to Rs 94,500 for 18k of 10 gms today from Rs 95,750 yesterday. This indicates that the price of 18k of 100 grams dropped by Rs 12,500 overnight, reaching Rs 9,45,000 in Chennai on Tuesday.

Silver is currently priced at Rs 165 per gram and Rs 1,65,000 per kilogram in Chennai, down from Rs 170 and Rs 1,70,000 yesterday.

MCX Gold Outlook Today

"On the technical front, MCX Gold continues to weaken on the daily timeframe. In yesterday's session, it fell below the 20 DEMA line, breaking a crucial momentum support. It now trades below the short-term 10 and 20 DEMA lines, with RSI consistently sliding lower, indicating pressure from the bears. There are no signs of a reversal on the daily chart for now. Immediate resistance is placed at 122,850, while support will be seen at 120,100-119,500. Since the near-term trend is negative, traders can sell MCX Gold near 122,850 for a target of 120,100-119,500, with sustained strength above 122,900 to be taken as a stop-loss," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Price Fundamental Outlook Today

"Gold and silver prices are trading slightly lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly lower for the day; after gold prices clawed back some losses after plunging below $4,000 an ounce on Monday as progress in US-China trade talk's sapped demand for haven assets," commented the research analysts of Nirmal Bang Securities.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.