Gold Price Today: Current Rates for 18K, 22K, and 24K Gold in Major Indian Cities Gold prices in India experienced a notable decline on Monday, with futures trading at Rs 1.36 lakh per 10 grams, marking a sharp drop of Rs 8,089. This decline followed a broader global trend, as gold futures on the Multi Commodity Exchange fell 5.6% to Rs 1,36,403 per 10 grams. The drop continued a losing streak for gold, which had already lost Rs 13,974, or 8.82%, the previous week. Analysts noted that the yellow metal started the week with a gap-down opening, signaling potential further declines amid ongoing tensions in the Middle East and rising inflation concerns. “Gold resumed with a gap down on Monday and is likely to continue its downside momentum for the fourth consecutive week amid tensions in West Asia that have stoked inflation fears and rate hike bets in the near future,” said Aamir Makda. Global markets also saw gold futures on Comex extend their losing streak for the fifth straight session, with the April contract declining by $202.4, or 4.42%, to $4,372.5 per ounce. Jigar Trivedi highlighted that the Middle East conflict intensified inflation fears, prompting major economies to consider liquidity measures, including gold sales, to offset the war’s impact. Over the past week, overseas gold futures had dropped $486.8, or 9.6%, settling at $4,574.9 per ounce. Here are the current gold prices in major Indian cities: In Mumbai, 24K gold is priced at Rs 14,002 per gram, 22K at Rs 12,835, and 18K at Rs 10,502. Kolkata, Bangalore, Hyderabad, and Ahmedabad follow similar rates, with 24K gold at Rs 14,002 per gram and 18K at Rs 10,502. Jaipur and Bhubaneswar report slightly higher prices for 24K gold, at Rs 14,017 per gram, while Kanpur and Delhi show rates of Rs 14,017 for 24K.#gold #comex #multi_commodity_exchange #jigar_trivedi #aamir_makda
