Gold Prices Show Slight Increase from Yesterday; Rs 5051 for 24-carat

Bengaluru – Rs 52, 530

The price of 10 gram gold of 22-carat purity in Delhi stands at Rs 49, 610; whereas the price of the same material and quantity in Bengaluru is marked at Rs 48,160 for today, while in Mumbai this can be bought for Rs 49,510. In Kolkata, 10 grams gold of 22-carat is available for Rs 50,210 and the price of 22-carat 10 gram gold in Chennai today is Rs 48,890.

The gold rates in the last 10 days have been fluctuating quite a bit. Day before yesterday, there was a drop of Rs 40 in the price of gold per 10 grams. On September 2, there was a dip of Rs 1210 in the precious metal’s price per 10 grams.

In terms of global price, a report by Reuters (https://in.reuters.com/article/global-precious/precious-gold-ticks-up-as-dollar-eases-from-one-week-high-idINL4N2G408D) states that the price of gold has increased after the price of dollar went down on Monday. The price of dollar witnessed a drop due to the impact of the novel coronavirus.

The spot gold price was up by 0.2% at $1,935.53 per ounce after falling to a one-week low of $1,916.24 on Friday, as mentioned in the report.