New Delhi: Gold price today in India (22 carat) fell on profit booking to Rs 70,590 per 10 gram (gm), according to “Good Returns .” While, 24 carat gold price fell to Rs 77,010 per 10 gm. As far as that of 18 carat yellow metal is concerned, its prices traded at Rs 57,760 per 10 gm. On the other hand, silver price today was up Rs 100 per kg to Rs 95,100 per kg.
MCX Gold & Silver Rate
In futures trade, gold contracts for October delivery traded 0.03% higher at Rs 75,408 per 10 gm on the Multi Commodity Exchange (MCX) at the time of writing this article. While, silver contracts for December delivery traded 0.04% in red at Rs 92,625 per 1 kg.
Gold And Silver Prices Today In Different Cities In India:
| City | Gold Price (22 carat in Rs/gm) | Silver Price (Rs/kg) |
| Delhi | 70,740 | 94,900 |
| Mumbai | 70,590 | 95,100 |
| Bengaluru | 70,590 | 90,200 |
| Chennai | 70,590 | 1,00,900 |
| Pune | 70,590 | 95,100 |
| Ahmadabad | 70,640 | 94,900 |
| Kolkata | 70,590 | 94,900 |
| Hyderabad | 70,590 | 1,00,900 |
Gold Price Fall Reason
Gold Price fall reason could be profit booking. Prices of the yellow metal had risen to all time high of around Rs 78,000 per 10 gm in New Delhi on Thursday. After interest rate cut cycle kick-off by western central banks, gold prices have surged, recently.
Plus, robust local demand in India from jewellers have also shot up metal prices. Festive season is around the corner. In anticipation of strong demand for the yellow metal and jewellery items retailers and jewellers have been stocking up inventory leading to price rise.
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