Gold Prices Decline: Gold price today: Yellow metal slips; check 24K, 22K city-wise rates in Delhi, Mumbai, Pune and more – The Times of India
Gold eased at the start of the week as futures slipped on muted global sentiment and softer demand in the physical market, even as retail prices across major Indian cities showed a patchwork of small gains, steady prints, and flat moves.
On the Multi Commodity Exchange (MCX), June gold futures declined by Rs 349, or 0.23%, to Rs 1,52,350 per 10 grams, with a turnover of 1,119 lots. Overseas, gold futures edged down 0.05% to $4,711.98 per ounce, reflecting a cautious tone among traders.
City-wise gold rates (per gram)
Here’s how retail prices stood today for 24K, 22K, and 18K purity across key Indian cities:
- Bengaluru: 24K at Rs 15,404; 22K at Rs 14,120; 18K at Rs 11,553 (unchanged)
- Delhi: 24K at Rs 15,457; 22K at Rs 14,170; 18K at Rs 11,587 (marginal uptick)
- Mumbai: 24K at Rs 15,442; 22K at Rs 14,155; 18K at Rs 11,582 (higher versus yesterday)
- Chennai: 24K at Rs 15,491; 22K at Rs 14,200; 18K at Rs 11,850 (steady)
- Kolkata: 24K at Rs 15,442; 22K at Rs 14,155; 18K at Rs 11,582 (moved up)
- Hyderabad: 24K at Rs 15,404; 22K at Rs 14,120; 18K at Rs 11,553 (unchanged)
- Ahmedabad: 24K at Rs 15,447; 22K at Rs 14,160; 18K at Rs 11,587 (gains recorded)
- Jaipur: 24K at Rs 15,457; 22K at Rs 14,170; 18K at Rs 11,587 (slight increase)
- Bhubaneswar: 24K at Rs 15,442; 22K at Rs 14,155; 18K at Rs 11,582 (higher)
- Pune: 24K at Rs 15,442; 22K at Rs 14,155; 18K at Rs 11,582 (up from yesterday)
- Kanpur: 24K at Rs 15,457; 22K at Rs 14,170; 18K at Rs 11,587 (edged higher)
What’s driving the move?
Traders pointed to a softer tone in global markets and lighter spot demand at the start of the week. With investors treading carefully, the futures curve reflected a modest pullback. Retail prices, however, remained mixed city to city—some hubs reported mild increases while others held steady—highlighting local factors such as jeweller premiums, inventory positions, and regional demand dynamics.
What buyers should keep in mind
- Retail rates can vary by store and neighbourhood due to making charges and premiums.
- Final payables typically include GST and making charges on top of the base rate.
- Short-term price moves often react to currency fluctuations, bond yields, and shifts in risk appetite.
With futures softening and city quotes diverging slightly, attention turns to incoming global cues and domestic buying trends to gauge whether the metal stabilizes or extends the day’s dip.
