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MCX Gold futures for June expiry inched 0.13 per cent higher at 72,390 per 10 grams on Wednesday (May 15) while MCX Silver futures for July expiry inched 0.04 per cent lower to 85,386.00 for a kg.
As per GoodReturns, the price of gold increased by Rs 40 to stand at Rs 6,715 per gram for 22 karat gold and Rs 7,325 per gram for 24 karat gold (also called 999 gold).
Check price of gold in key cities:
New Delhi: The gold price in Delhi is Rs 6,730 per gram for 22 karat gold and Rs 7,340 per gram for 24 karat gold.
Mumbai: The price of gold in Mumbai today is Rs 6,715 per gram for 22 karat gold and Rs 7,325 per gram for 24 karat gold.
Chennai: The price of gold in Chennai today is Rs 6,725 per gram for 22 karat gold and Rs 7,336 per gram for 24 karat gold.
Ahmedabad: The price of gold in Ahmedabad today is Rs 6,720 per gram for 22 karat gold and Rs 7,330 per gram for 24 karat gold.
Spot Gold
Gold prices traded flat as investors looked forward to a critical US inflation print that could offer clues on the Federal Reserve’s interest rate-cut trajectory. Spot gold held its ground at $2,357.35 per ounce while the US gold futures rose 0.1 per cent to $2,362.80.
“If the CPI starts to come down a little bit, it will be positive for gold as it is in a fantastic position to capitalize on that dynamic considering its resilience to this point,” said Kyle Rodda, a financial market analyst at Capital.com, as reported by Reuters.
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