Gold Price Today: Gold rates in India witnessed a marginal decline for the third day in a row on Monday, whereas silver prices remained unchanged. On Multi Commodity Exchange (MCX), gold futures fell by 0.14 per cent to reach the month’s lowest rate today. According to the Good Returns website, the price for 22-karat gold dropped to Rs 48,130 per 10 grams from Rs 52,420 per 10 grams. Also Read - Gold, Silver Prices Expected To Fall Further. Is It The Right Time to Buy? Check What Experts Suggest

The price of 24-carat gold also reduced marginally. Meanwhile, silver price edged 0.3 per cent higher to Rs 64,984 per kg. Also Read - Gold Price Down by Rs 4000 This Year | 5 Reasons Why Gold is Falling in Delhi, Mumbai, Bangalore And Other Cities

In the previous session, gold rates had dipped Rs 500 per 10 gram, while silver price also slumped by Rs 1,700 per kg. Also Read - Gold Price Today, 19 February 2021: No Change in Gold Rates as Per National Trend, Silver Declines | Check Rates of 22k & 24k Gold in Delhi, Mumbai, Kolkata, Bengaluru

Check the price for 22-karat gold in your city:

City22-Carat Gold Price Today

According to the Good Returns website, 22-karat gold price in Delhi was recorded at Rs 48,130, while in Mumbai it was priced Rs 47,890. In Chennai, the price for the yellow metal was Rs 46,070 per 10 grams.

The yellow metal market has been witnessing a decline amid the coronavirus pandemic. However, the World Gold Council has said that the demand for gold will rebound this year in India owing to the economic revival.

While global economic growth is expected to remain anaemic relative to its full potential for some time, gold’s more stable price performance since mid-August may foster buying opportunities for consumers.