New Delhi: Gold price in India today fell to a four-month low reflecting a visible decline in precious metal’s rates in the international market. Today, the gold price remained low at around 45,500-mark per 10 gram of 22-carat after a dip of over Rs 600 in last few days. The gold rate on May 26 was Rs 46,800 per 10 gram of 22-carat as per the data on good returns website. The low rate has brought cheers for common buyers ahead of the festive season in the country.Also Read - Gold Rate Remains Stable, Check Gold Price in Your City
On Multi Commodity Exchange (MCX) India, gold futures were trading lower by 0.16 per cent at Rs 46,000 per 10 gram in a business turnover of 9,252 lots, as per per details on MCX India. Also Read - Gold Rate Drops by ₹200; Check Gold Price in Mumbai, Delhi, Other Cities
Meanwhile, in the international market, gold prices hit the lowest level in five weeks against a stronger dollar. While Spot gold dropped by 0.1 per cent at USD 1,752.66 per ounce, the US Gold futures remained low at USD 1,753.80, as per a Reuters report. Also Read - Gold Rate Drops by ₹5,900 Ahead of Diwali, Dhanteras; Check Gold Price in Your City
Gold Price Today
- Gold rate today in Mumbai is Rs 45,390 per 10 gram 22-carat.
- Gold price in Delhi is Rs 45,550 per 10 gram of 22-carat.
- Gold rate in Chennai is Rs 43,710 per 10 gram of 22-carat.
- Gold rate in Bengaluru is Rs Rs 43,400 per 10 gram of 22-carat.
- Gold price in Hyderabad is Rs 43,400 per 10 gram of 22-carat.
- In Kerala, gold price is Rs 43,400 per 10 gram of 22-carat.
- Gold price in Pune is Rs 44,570 per 10 gram of 22-carat.
- Gold rate in Ahmedabad is 44,680 per 10 gram of 22-carat.
- Gold price in Lucknow is Rs 45,550 per 10 gram of 22-carat.
- Gold rate in Nagpur is Rs 45,390 per 10 gram of 22-carat.
Gold exchange-traded funds (ETFs) has started attracting more investors, PTI reported. Gold ETF serves as a great tool due to its high liquidity and lower investment requirement. Gold is considered as a hedge against inflation. Hence, the third wave seems to make investors adopt the traditional investment method in due anticipation, Priti Rathi Gupta, the founder of LXME was quoted as saying by PTI.