Gold prices extended decline on June 8 as investors continue to eye the fresh escalation between Iran and Israel and developments in the ongoing geopolitical uncertainty. Gold rates plunged by Rs 1,600 and opened below Rs 1.54 lakh per 10 grams while MCX silver crashed harder by RS 5,500 to trade below Rs 243,500 per kg. According to data from the bullion market, the price of gold has currently dropped to Rs 1.54 lakh per 10 grams.
Global gold prices also extended losses on Monday on rising fears of a US rate hike after a strong jobs report, while renewed hostilities in West Asia pushed oil rates higher and led to inflation concerns rising. “It is all based on the hawkishness that the market has started to place on the Fed futures,” said Kelvin Wong, a senior market analyst at OANDA to Reuters.
Gold Rates by City (24K, 22K, 18K)
City
24K
22K
18K
Chennai
₹15,490
₹14,199
₹11,909
Mumbai
₹15,169
₹13,905
₹11,377
Delhi
₹15,184
₹13,920
₹11,392
Kolkata
₹15,169
₹13,905
₹11,377
Bangalore
₹15,169
₹13,905
₹11,377
Hyderabad
₹15,169
₹13,905
₹11,377
Kerala
₹15,169
₹13,905
₹11,377
Pune
₹15,169
₹13,905
₹11,377
Vadodara
₹15,174
₹13,910
₹11,382
Ahmedabad
₹15,174
₹13,910
₹11,382
Jaipur
₹15,590
₹14,014
₹11,698
Lucknow
₹15,590
₹14,014
₹11,698
Coimbatore
₹15,490
₹14,199
₹11,909
Madurai
₹15,490
₹14,199
₹11,909
Vijayawada
₹15,272
₹13,999
₹11,454
Patna
₹15,580
₹14,004
₹11,688
Nagpur
₹15,272
₹13,999
₹11,454
Chandigarh
₹15,590
₹14,014
₹11,698
Surat
₹15,580
₹14,004
₹11,688
Bhubaneswar
₹15,272
₹13,999
₹11,454
Mangalore
₹15,169
₹13,905
₹11,377
Visakhapatnam
₹15,169
₹13,905
₹11,377
Nashik
₹15,172
₹13,908
₹11,380
Mysore
₹15,169
₹13,905
₹11,377
Salem
₹15,490
₹14,199
₹11,909
Rajkot
₹15,580
₹14,004
₹11,688
Trichy
₹15,490
₹14,199
₹11,909
Ayodhya
₹15,590
₹14,014
₹11,698
Cuttack
₹15,169
₹13,905
₹11,377
Davanagere
₹15,169
₹13,905
₹11,377
Bellary
₹15,169
₹13,905
₹11,377
Gurgaon
₹15,590
₹14,014
₹11,698
Ghaziabad
₹15,590
₹14,014
₹11,698
Noida
₹15,590
₹14,014
₹11,698
Vellore
₹15,490
₹14,199
₹11,909
Amaravati
₹15,169
₹13,905
₹11,377
Guntur
₹15,169
₹13,905
₹11,377
Nellore
₹15,169
₹13,905
₹11,377
Kakinada
₹15,169
₹13,905
₹11,377
Tirupati
₹15,169
₹13,905
₹11,377
Source: GoodReturns Gold Rates
