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Gold prices dropped 0.4% to $2,640.74 per ounce on Monday, as the strong U.S. dollar and recent employment data lowered investor expectations of a significant rate cut by the Federal Reserve in November.
U.S. dollar strength impacts gold prices - On Monday, gold prices eased as the U.S. dollar maintained its strength. A strong dollar tends to make gold more expensive for foreign buyers, thereby reducing demand.
Fed rate cut expectations scaled back - Recent employment data prompted investors to reduce their expectations of a significant rate cut from the Federal Reserve in November, contributing to a 0.4% drop in spot gold prices to $2,640.74 per ounce.
Item | Price in India |
24 Carat Gold (10 grams) | ₹77,833.00 |
22 Carat Gold (10 grams) | ₹71,363.00 |
Note: The gold rates mentioned in the above table have been taken as of October 08, 2024, at 09:00 AM.
Source: LiveMint
Gold Rate in Delhi
Purity and Weight | Price Today (date) | Price Yesterday (date) | Difference |
22K (10 gm) | ₹71,363.00 | ₹72,200.00 | -837.00 |
24K (10 gm) | ₹77,833.00 | ₹75,810.00 | +2,023.00 |
Gold Rate in Mumbai
Purity and Weight | Price Today (date) | Price Yesterday (date) | Difference |
22K (10 gm) | ₹71,217.00 | ₹72,100.00 | -883.00 |
24K (10 gm) | ₹77,687.00 | ₹75,710.00 | +1,977.00 |
Gold Rate in Kolkata
Purity and Weight | Price Today (date) | Price Yesterday (date) | Difference |
22K (10 gm) | ₹71,215.00 | ₹72,900.00 | -1,685.00 |
24K (10 gm) | ₹77,685.00 | ₹76,550.00 | +1,135.00 |
Gold Rate in Hyderabad
Purity and Weight | Price Today (date) | Price Yesterday (date) | Difference |
22K (10 gm) | ₹71,219.00 | ₹71,200.00 | +19.00 |
24K (10 gm) | ₹77,689.00 | ₹74,760.00 | +2,929.00 |
City Name | 22 Carat Rate | 24 Carat Rate |
Ahmedabad | ₹71,271.00 | ₹77,741.00 |
Amritsar | ₹71,390.00 | ₹77,860.00 |
Bangalore | ₹71,205.00 | ₹77,675.00 |
Bhopal | ₹71,274.00 | ₹77,744.00 |
Bhubaneswar | ₹71,210.00 | ₹77,680.00 |
Chandigarh | ₹71,372.00 | ₹77,842.00 |
Chennai | ₹71,211.00 | ₹77,681.00 |
Coimbatore | ₹71,230.00 | ₹77,700.00 |
Delhi | ₹71,363.00 | ₹77,833.00 |
Faridabad | ₹71,395.00 | ₹77,865.00 |
Gurgaon | ₹71,388.00 | ₹77,858.00 |
Hyderabad | ₹71,219.00 | ₹77,689.00 |
Jaipur | ₹71,356.00 | ₹77,826.00 |
Kanpur | ₹71,383.00 | ₹77,853.00 |
Kerala | ₹71,235.00 | ₹77,705.00 |
Kochi | ₹71,236.00 | ₹77,706.00 |
Kolkata | ₹71,215.00 | ₹77,685.00 |
Lucknow | ₹71,379.00 | ₹77,849.00 |
Madurai | ₹71,207.00 | ₹77,677.00 |
Mangalore | ₹71,218.00 | ₹77,688.00 |
Meerut | ₹71,389.00 | ₹77,859.00 |
Mumbai | ₹71,217.00 | ₹77,687.00 |
Mysore | ₹71,204.00 | ₹77,674.00 |
Nagpur | ₹71,231.00 | ₹77,701.00 |
Nashik | ₹71,267.00 | ₹77,737.00 |
Patna | ₹71,259.00 | ₹77,729.00 |
Pune | ₹71,223.00 | ₹77,693.00 |
Surat | ₹71,278.00 | ₹77,748.00 |
Vadodara | ₹71,284.00 | ₹77,754.00 |
Vijayawada | ₹71,225.00 | ₹77,695.00 |
Visakhapatnam | ₹71,227.00 | ₹77,697.00 |
Note: The gold rates mentioned in the above tables have been taken as of October 08, 2024, at 09:00 AM.
Source: LiveMint
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