Gold Rate Update: In response to the Federal Reserve adopting a more hawkish tone than expected, the price of gold dropped to trade near Rs 55,000 on the Multi Commodity Exchange (MCX), marking the precious metal’s biggest monthly loss since June 2021. Gold April Futures were down Rs 114 or 0.21 percent on the MCX, trading at Rs 55,362 per 10 grammes. Silver March Futures were also trading at a lower price, down 0.41 percent, at Rs 63,660 per kg.
Indian Major Cities Gold Rate Today
| City | 22K Today | 24K Today |
| Chennai | ₹52,070 | ₹56,800 |
| Mumbai | ₹51,450 | ₹56,120 |
| Delhi | ₹51,600 | ₹56,270 |
| Kolkata | ₹51,450 | ₹56,120 |
| Bangalore | ₹51,500 | ₹56,170 |
| Hyderabad | ₹51,450 | ₹56,120 |
| Kerala | ₹51,450 | ₹56,120 |
| Pune | ₹51,450 | ₹56,120 |
| Vadodara | ₹51,500 | ₹56,170 |
| Ahmedabad | ₹51,500 | ₹56,170 |
| Jaipur | ₹51,600 | ₹56,270 |
| Lucknow | ₹51,600 | ₹56,270 |
| Coimbatore | ₹52,070 | ₹56,800 |
| Madurai | ₹52,070 | ₹56,800 |
| Vijayawada | ₹51,450 | ₹56,120 |
| Patna | ₹51,500 | ₹56,170 |
| Nagpur | ₹51,450 | ₹56,120 |
Gold Rate Update: What’s up on MCX?
Gold price dipped to trade near Rs 55,000 on the Multi Commodity Exchange (MCX) as the precious metal headed for biggest monthly loss since June 2021 amid the Federal Reserve tapping the more hawkish tone than anticipated. On MCX, Gold April Futures were trading at Rs 55,362 per 10 grams, down Rs 114 or 0.21 per cent. Silver March Futures were also trading lower at Rs 63,660 per kg, down by 0.41 per cent.
Multi Commodity Exchange of India is the full form of MCX. It is an autonomous body for commodity exchange in India. It offers to trade in bullion, energy and agricultural commodities apart from non-ferrous metals.
This is an exchange for commodities like the BSE is for stocks and shares. The MCX sells the products in bulk.
The price for the asset depends upon various factors and is not determined at MCX. The MCX Silver rates are set by trading activity and a bunch of different other factors.
Gold Rate Update: As per IBJA, these are the prices of gold and silver
The price of gold has decreased today compared to yesterday, according to IBJA. The price of gold has decreased from Rs 56038 per 10 kilos yesterday evening to Rs 55957 per 10 grammes today. The cost of silver, on the other hand, dropped from Rs. 64549 per kg. to Rs. 64331 per kg.
Here’s how to know the latest price of gold by giving a missed call
You can give a missed call on 8955664433 to know the retail rates of gold. Shortly after giving a miss call on this number, you will get the rates through SMS. Along with this, you can see www.ibja.com or ibjarates.com for constant updates or information.
This is how you can determine the purity of gold
If you want to check the purity of gold right now, the government has created an app for that. Customers can check the purity of gold using the BIS Care app. You can use this app to not only check the purity of gold, but also to file a complaint about it.
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