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Gold prices today: Wow! Prices drop for 2nd consecutive day; check latest rates

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As per the current trends, gold has been trading a tad lower in the Indian market. This comes even as the yellow metal prices ticked higher in the international markets as the US dollar hovered near recent lows. When it comes to investors’ focus, it could influence the size of the Federal Reserve’s next interest-rate hike.

India’s gold consumption is expected to rise further in 2022, as per World Gold Council (WGC). Notably, this comes after recording a big jump of 79 per cent last year; the reasons being a ‘pent-up demand’ and an ‘improvement in consumer confidence. It will boost retail jewellery sales nationwide. As we know gold price in India and worldwide are subject to change. We bring you the latest prices of yellow metal in grams from Goodreturns. Below are given the gold price for the cities of Kerala, Hyderabad and Chennai.

India remains the world’s second-biggest ‘gold consumer’. Hence, this rise in consumption would help global prices but would also widen India’s trade deficit and put pressure on the already-strained rupee.

Gold price today in Chennai

The gold rates in Chennai for 22-carat, 1 gram stands at Rs 4,740, while the gold price for 8 grams stands at Rs 37,920.

For 10 gram gold, the buyer will have to pay Rs 47,400. Today gold rate in Chennai for 100 grams hovers at Rs 4,74,000.

When it comes to 24-carat gold for 1 gram in Chennai, prices are Rs 5,171. For 8 gram gold in Chennai, the buyer will have to pay Rs 41,368.

10 gram of gold in Chennai stands at Rs 51,710 while 100 gram stands at Rs 5,17,100.

Gold price today
Image: Pixabay

Gold price in Hyderabad today

Gold rates in Hyderabad depend upon the global gold rates. These are affected by several factors such as Inflation, change in global prices, central bank gold reserve, fluctuating rates of interest, jewellery markets among others. Below are the latest gold rates today in Hyderabad.

22-carat Gold price today in Hyderabad

1 GramRs 4,690
8 GramRs 37,520
10 GramRs 46,900
100 GramRs 4,69,000

24-carat Gold price today in Hyderabad

1 GramRs 5,116
8 GramRs 40,928
10 GramRs 51,160
100 GramRs 5,11,600

Gold rates in Kerala have always seen good consumption patterns, especially when it comes to the festive season or also during occasions like marriage or naming ceremonies.

22-carat Gold rate today in Kerala

1 GramRs 4,690
8 GramRs 37,520
10 GramRs 46,900
100 GramRs 4,69,000

24-carat Gold rate today in Kerala

1 GramRs 5,116
8 GramRs 40,928
10 GramRs 51,160
100 GramRs 5,11,600

ALSO READ: India’s Gold Demand Expected To Rise Further In 2022 – World Gold Council

Bindiya Bhatt
Bindiya Bhatthttps://thevocalnews.com
Founder and Editor-in-Chief at The Vocal News, Bindiya Bhatt is a journalist with over 15 years of experience in the media industry. Having covered nearly all beats in her career, she is an Automobile and Tech enthusiast who loves writing about cars, bikes, gadgets and more. She has done her Masters in Journalism and Mass Communication from IMS Noida.
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