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Gold Price Today: MCX Gold futures for June expiry inched 0.09 per cent, or Rs 31, lower to Rs 71,096 per 10 grams on Wednesday (May 8) while MCX Silver futures for July expiry inched 0.62 per cent higher to 83,510.00 for a kg.
As per PTI, analysts attributed the fall in gold prices to weak global cues and profit booking at higher levels.
As per GoodReturns, the price of gold decreased by Rs 10 to stand at Rs 6,625 per gram for 22 karat gold and Rs 7,227 per gram for 24 karat gold (also called 999 gold).
Check price of gold in key cities:
New Delhi: The gold price in Delhi today is Rs 6,630 per gram for 22 karat gold and Rs 7,231 per gram for 24 karat gold.
Mumbai: The gold price in Mumbai today is Rs 6,615 per gram for 22 karat gold and Rs 7,216 per gram for 24 karat gold.
Chennai: The gold price in Chennai today is Rs 6,615 per gram for 22 karat gold and Rs 7,216 per gram for 24 karat gold.
Ahmedabad: The gold price in Ahmedabad today is Rs 6,620 per gram for 22 karat gold and Rs 7,221 per gram for 24 karat gold.
International Gold Prices
Gold prices remained steady as investors awaited US economic data including weekly jobless data, thus indicating when the Federal Reserve would deliver its interest rate cuts.
Spot gold was steady at $2,310.47 ounce. US. gold futures lost 0.2 per cent to $2,317.30.
The US weekly jobless claims data is due in the evening, as per Indian Standard Time (IST).
“Despite market expectations of a rate cut in September, gold traders are cautious about making big moves… If the US inflation report comes hotter, then prices could fall to $2,290,” said Ajay Kedia, director at Kedia Commodities, Reuters reported.
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