Gold Prices Drop Over Rs 1200, It’s Good Time To Buy – Check Latest Prices In Your City

The price of gold has come down and falling consecutively for the last 3 days. The price of the yellow metal registered a decline of Rs 1200 in just 3 days despite the arrival of festival season. The price of gold has been falling in India as the precious metal price continues to remain steady in global markets.

In India 22K gold price today witnessed a decline of Rs 250 at Rs 46,650 per 10 grams while 24K gold price in India declined by Rs 270 at Rs 50,890 per 10 grams in the country. The price of 22K gold witnessed a steep decline of Rs 700 to end at Rs 46,900 per 10 grams while the price of 24K gold saw a dip of Rs 770 to close at Rs 51,160 per 10 grams in India

Today 22 Carat Gold Price Per Gram in India (INR)

Today 22 Carat Gold Price Per Gram in India (INR)

Credit: Goodreturns
Credit: Goodreturns

On Tuesday, gold futures dropped 0.3% to Rs 50,881 per 10 grams after witnessing a Rs 1,000 fall on Monday. The yellow metal is down by Rs 1,200 per 10 grams in the three trading sessions.

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities explained that yellow metal has not seen much safe-haven buying as investors are largely moving towards the dollar index.

Indian Major Cities Gold Rates Today

Gold prices might remain under pressure today as the dollar continues to gain momentum and US 10-year treasury yields rose to near 4% ahead of FOMC meeting minutes and speeches by several Fed members, he added.

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