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Home » Gold Price Today: Price of yellow metal inches higher | Business News
Gold News

Gold Price Today: Price of yellow metal inches higher | Business News

May 7, 2024No Comments2 Mins Read
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Gold Price Today: Price of yellow metal inches higher | Business News
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Gold Price Today: MCX Gold futures for June expiry inched 0.15 per cent lower at 71,261.00 for 10 grams while MCX Silver futures for July expiry inched 0.39 per cent lower to 82,632.00.

As per GoodReturns, the price of gold increased by Rs 30 to stand at Rs 6,635 per gram for 22 karat gold and Rs 7,238 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 6,650 per gram for 22 karat gold and Rs 7,253 per gram for 24 karat gold (also called 999 gold).

Mumbai: The gold price in Mumbai today is Rs 6,635 per gram for 22 karat gold and Rs 7,238 per gram for 24 karat gold (also called 999 gold).

Chennai: The gold price in Chennai today is Rs 6,640 per gram for 22 karat gold and Rs 7,243 per gram for 24 karat gold (also called 999 gold).

Ahmedabad: The gold price in Ahmedabad today is Rs 6,640 per gram for 22 karat gold and Rs 7,243 per gram for 24 karat gold (also called 999 gold).

Spot gold

Gold prices held steady supported by safe-haven demand for bullion as Gaza ceasefire remains uncertain.

Spot gold was steady at $2,320.69 per ounce after rising more than 1 per cent in the previous session. US gold futures were flat at $2,328.40.

“Gold has been slowly building a base for the past week, to show demand sits around $2,280. The Fed continue to make noise about the next move likely to be lower, and that’s certainly helped shake a few bears out at these lows,” said City Index senior analyst Matt Simpson, as reported by Reuters.

© IE Online Media Services Pvt Ltd

First uploaded on: 07-05-2024 at 13:30 IST

Credit: Source link

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