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Gold Rate Today | Gold hits record high as Fed rate cut expectations grow

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Synopsis:

Gold prices surged over 1%, reaching a record $2,556.86 per ounce. This rise was driven by expectations of a Federal Reserve interest rate cut following U.S. data that indicated a slowing economy, boosting investor confidence in gold.

Top News and Events

  • Gold prices surge to record high: Gold prices increased by more than 1% on Thursday, reaching a new record of $2,556.86 per ounce. This significant rise marks a notable milestone in the gold market, reflecting growing investor interest and confidence in the precious metal.

  • Fed rate cut expectations: The surge in gold prices was primarily driven by expectations that the Federal Reserve will announce an interest rate cut in the upcoming week. Recent U.S. economic data suggested a slowdown, which has intensified speculation about a more accommodative monetary policy. As a result, investors have flocked to gold, viewing it as a safe-haven asset amid economic uncertainty.

Gold Rate India Today

Item

Price in India

24 Carat Gold (10 grams)

₹72,890.00

22 Carat Gold (10 grams)

₹68,790.00

Note: The gold rates mentioned in the above table have been taken as of September 13, 2024, at 09:00 AM.

Source: LiveMint

Gold Rates Today

Gold Rate in Delhi

Purity and Weight

Price Today (date)

Price Yesterday (date)

Difference

22K (10 gm)

₹68,790.00

₹68,150.00

+640.00

24K (10 gm)

₹72,890.00

₹71,560.00

+1,330.00

Gold Rate in Mumbai

Purity and Weight

Price Today (date)

Price Yesterday (date)

Difference

22K (10 gm)

₹67,870.00

₹68,050.00

-180.00

24K (10 gm)

₹73,100.00

₹71,450.00

+1,650.00

Gold Rate in Kolkata

Purity and Weight

Price Today (date)

Price Yesterday (date)

Difference

22K (10 gm)

₹68,730.00

₹68,850.00

-120.00

24K (10 gm)

₹74,510.00

₹72,290.00

+2,220.00

Gold Rate in Hyderabad

Purity and Weight

Price Today (date)

Price Yesterday (date)

Difference

22K (10 gm)

₹67,680.00

₹67,150.00

+530.00

24K (10 gm)

₹72,320.00

₹70,510.00

+1,810.00

Gold Rates in Different Cities in India

City Name

22 Carat Rate

24 Carat Rate

Ahmedabad

₹67,460.00

₹71,790.00

Amritsar

₹66,560.00

₹72,210.00

Bangalore

₹67,960.00

₹72,200.00

Bhopal

₹66,470.00

₹72,240.00

Bhubaneswar

₹66,440.00

₹72,190.00

Chandigarh

₹69,150.00

₹73,770.00

Chennai

₹67,680.00

₹72,220.00

Coimbatore

₹66,720.00

₹72,230.00

Delhi

₹68,790.00

₹72,890.00

Faridabad

₹68,790.00

₹72,890.00

Gurgaon

₹68,790.00

₹72,890.00

Hyderabad

₹67,680.00

₹72,320.00

Jaipur

₹67,900.00

₹72,490.00

Kanpur

₹66,930.00

₹71,870.00

Kerala

₹67,530.00

₹72,100.00

Kochi

₹66,660.00

₹72,240.00

Kolkata

₹68,730.00

₹74,510.00

Lucknow

₹66,540.00

₹72,190.00

Madurai

₹67,140.00

₹73,410.00

Mangalore

₹66,780.00

₹71,980.00

Meerut

₹68,790.00

₹72,890.00

Mumbai

₹67,870.00

₹71,100.00

Mysore

₹66,430.00

₹72,000.00

Nagpur

₹66,420.00

₹72,050.00

Nashik

₹66,790.00

₹72,320.00

Patna

₹68,800.00

₹72,670.00

Pune

₹68,430.00

₹72,610.00

Surat

₹66,560.00

₹72,210.00

Vadodara

₹70,330.00

₹73,870.00

Vijayawada

₹68,100.00

₹72,630.00

Visakhapatnam

₹67,080.00

₹72,380.00

Note: The gold rates mentioned in the above tables have been taken as of September 13, 2024, at 09:00 AM.

Source: LiveMint

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

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