New Delhi: Gold prices were trading lower by over Rs 250 per 10 grams on Thursday. The price of 22 carat of gold stood at Rs 47,150 per 10 grams as against its previous close of Rs 47,400. Meanwhile the price of 24 carat of gold was also trading lower by Rs 270. The price of 24 carat of gold stood at Rs 51,440 as against its previous close of Rs 51,710.
Gold prices rallied as the dollar and Treasury yields retreated after the Federal Reserve announced the biggest U.S. interest rate hike since 1994 and flagged economic risks. Spot gold rose 1.4% to $1,833.42 per ounce by 4:09 p.m. EDT (2009 GMT), while U.S. gold futures settled up 0.3% at $1,819.60 per ounce. Gold received a shot in the arm as the dollar and yields fell, especially after Fed Chair Jerome Powell said 75 bps hike would not be common and if inflation flattens out, said a Reuters report.
Here are the indicative price of 22 Carat Gold Today, 16 June 2022 (except GST, TCS, and other levies)
Chennai : Rs 47,200
Mumbai : Rs 47,150
Delhi : Rs 47,170
Kolkata : Rs 47,150
Bangalore : Rs 47,170
Hyderabad : Rs 47,150
Kerala : Rs 47,150
Ahmedabad : Rs 47,190
Jaipur : Rs 47,330
Lucknow : Rs 47,330
Patna : Rs 47,220
Chandigarh : Rs 47,330
Bhubaneswar : Rs 47,170
Gold prices in the national capital rose by Rs 3 to Rs 50,304 per 10 grams in line with a jump in international precious metal prices. In the previous trade, the yellow metal settled at Rs 50,301 per 10 grams. Silver also gained Rs 304 to Rs 60,016 per kg from Rs 59,712 per kg in the previous trade.
(Disclaimer: The prices are just indicative collected from various sources. You must collate the price with your jeweller before investing/purchasing.)
