Gold rate today: Yellow metal gets cheaper; check the latest prices in your city on June

Gold prices opened lower on June 9 amid global uncertainties. Gold’s August contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 96,860 per 10 gram today.

Let’s check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on June 9:

CityPrice of 24k gold

Price of 22k goldDelhiRs 97,840/10g

Rs 89,700/10gMumbaiRs 97,690/10g

Rs 89,550/10gChennaiRs 97,690/10g

Rs 89,550/10gKolkataRs 97,690/10g

Rs 89,550/10gBengaluruRs 97,690/10g

Rs 89,550/10gJaipurRs 97,840/10g

Rs 89,700/10gLucknowRs 97,840/10g

Rs 89,700/10gHyderabadRs 97,690/10g

Rs 89,550/10gAhmedabadRs 97,740/10g

Rs 89,600/10g

(According to data on Good Returns) 

“Last week, the yellow metal fell by more than 2 percent on growing optimisim in the markets after US President Donald Trump and Chinese leader Xi Jinping agreed to further talks to settle trade disputes…On the other hand, Silver prices notched a fresh 13-year high and have surged by more than 23 percent this year owing to rising demand from industrial users especially solar-panel makers and from nervous investors piling into precious metals,” said Angel One in its latest report.

Also read: RBI releases final guidelines for Lending Against Gold and Silver Collateral

“Today, gold prices are likely to trade lower as markets discount a stronger-than-expected U.S. jobs report that cooled expectations of interest rate cuts from the Federal Reserve,” the report further said.Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.