Gold Rates Dropped in Major Indian Cities; Here's How Much
Gold rates declined in major Indian cities with 22-carat and 24-carat gold experiencing price drops. Buyers can take advantage of reduced prices to make informed decisions, especially ahead of key events.
Highlights
- •22-carat gold dropped by ₹2,150 per 10 grams, now at ₹139,850 in New Delhi
- •24-carat gold price decreased by ₹2,260 to ₹146,840 in Lucknow
- •New Delhi saw a decline of 22-carat gold from ₹142,000 to ₹139,850 per 10 grams
- •Mumbai's 22-carat gold price touched ₹139,350 after a drop from ₹141,500
On the final trading day of the week, gold buyers received some respite as prices saw a decline. As rates for 22-carat and 24-carat gold fell across major Indian cities, enthusiasts are advised to take stock of current prices before making any purchases.
Decline in Gold Prices: For the day, 22-carat gold experienced a price drop by 2,150 rupees per 10 grams. This brought its rate to 139,850 rupees in New Delhi—a significant dip from Thursday's price of 142,000 rupees. In Mumbai, the capital of Maharashtra, 22-carat gold witnessed a similar drop, settling at 139,350 rupees per 10 grams (from 141,500 rupees).
Detailed Regional Breakdown
In Kolkata, West Bengal's capital city, the rate for 22-carat gold witnessed a decrease of 2,150 rupees to stand at ₹140,350 per 10 grams (previous day price: ₹142,500). Meanwhile, 24-carat gold also faced a decline with a 2,260-rupee reduction (from ₹149,630) to settle at ₹147,370 per 10 grams.
Hyderabad, the capital of Telangana, saw 22-carat gold rate drop by ₹2,000 to reach ₹140,000 per 10 grams (previous day's price: ₹142,000). A similar trend was observed in Bengaluru where the 24-carat gold price fell by ₹2,260 to stand at ₹146,950 per tola. Comparing prices from yesterday, 22-carat and 24-carat gold were trading at ₹142,100 and ₹149,210 respectively in Bengaluru.
In Lucknow, Uttar Pradesh's capital, both 22-carat and 24-carat gold rates showed a decline. The price for 22-carat gold decreased by ₹2,150 to ₹139,850 per 10 grams. Similarly, the rate of 24-carat gold dropped by ₹2,260 to ₹146,840.
The decrease in gold prices across cities not only affects traders but also benefits buyers looking for a favorable market condition before significant events like weddings or family gatherings.
