Gold Price Rises for Third Consecutive Day on Monday

Bengaluru: Rs 52,820

While the price of the yellow metal of 22 karat purity for 10 grams in Delhi is Rs 49,870. In Mumbai, 22 karat of 10 grams gold can be bought for Rs 49,460. The same metal quality is priced at Rs 50, 410 in Kolkata. The cheapest price is available in the southern cities, including Chennai and Bengaluru. 10 gram of 22 karat gold can be purchased for Rs 48,920 in Chennai and for Rs 48, 420 in Bengaluru.

According to news agency Reuters, the price of gold has also increased globally. Speaking to the agency, the European Central Bank’s president, Christine Lagarde said, “Gold’s bullish longer-term fundamentals have not changed.”

Jeffrey Halley, a senior market analyst at OANDA, stated, ”Gold has well-denoted support between $1,900 and $1,920 an ounce, with trend line resistance at $1,970.”