Gold Price Today: Gold futures for June expiry on MCX closed 0.09 per cent or Rs 137 lower at Rs 71,083.00 per 10 gram on Wednesday (May 8), while silver futures for July expiry on MCX closed 0.11 per cent lower. Together it came to 82,783.00.
According to PTI, analysts have attributed the fall in gold prices to weak global cues and profit-booking at higher levels.
According to Good Returns, “gold prices declined by Rs 10 to Rs 6,625 per gram for 22 carat gold and Rs 7,227 per gram for 24-carat gold”.
Check gold price in major cities:
New Delhi: Today’s gold price in Delhi is Rs 6,640 per gram for 22 carat gold and Rs 7,242 per gram for 24 carat gold.
Mumbai: Gold price in Mumbai today is Rs 6,625 per gram for 22 carat gold and Rs 7,227 per gram for 24 carat gold.
Chennai: Gold price in Chennai is Rs 6,630 per gram for 22 carat gold and Rs 7,233 per gram for 24 carat gold.
Ahmedabad: Today’s gold price in Ahmedabad is Rs 6,630 per gram for 22 carat gold and Rs 7,232 per gram for 24 carat gold.
Spot gold
Gold prices were little changed as market participants assessed the timing of a potential US interest rate cut by the Federal Reserve and looked for fresh signals for further clarity on monetary policy. Spot gold was almost steady at $2,315.98 an ounce. US gold futures were flat at $2,322.80. “The Fed is concerned about inflation, but is not going to raise rates any further and still wants to cut if it gets the chance – that’s the story. “There won’t be much to the story until we get CPI next week,” said Ilya Spivak, head of global macro at TastyLive, as reported by Reuters.
