Gold rate today (14th June 2024): Latest gold prices in India key cities
Jun 14, 2024, 13:04 IST
On Friday, gold rates saw an increase across India. In Delhi, 10 grams of 24-carat gold would cost you ₹ 72,310 today. Meanwhile, on the MCX, gold contracts for June delivery traded higher ₹270, settling it at ₹ 71,890 per 10 grams.
Click to view the details of the silver rate on 13th June
The current gold COMEX stands at $2,322.00 per ounce. This marks a slight increase of $4.00, representing a 0.17% rise from the previous trading session. The trading day saw a high of $2,323.80 and a low of $2,316.70, with the market opening at $2,319.60. The incremental increase in gold's price reflects minor market adjustments and investor sentiment within the commodities market. Overall, these fluctuations are typical of gold's trading patterns, influenced by various economic indicators and global financial trends.
Gold prices fell nearly 1% on Wednesday as investors awaited the U.S. consumer inflation data and the Federal Reserve's interest rate policy update. The market is divided on potential rate cuts this year following strong U.S. labor reports, with focus on policymakers' economic projections and Chair Jerome Powell's remarks. Additionally, robust U.S. jobs data and China's central bank pausing gold purchases led to the largest daily drop in bullion prices since November 2020 last week says Prathamesh Mallya, DVP Research, Non-Agro Commodities & Currency, Angel One Ltd
While these data points offer valuable insights into market trends and factors driving price movements to assist investors in navigating the gold market effectively, investors are advised to perform their own due diligence before making any investment decisions.
As the day progresses, we encourage investors to remain vigilant and monitor gold rates closely for any emerging trends or market developments. By staying informed about these daily price fluctuations, investors can identify potential trading opportunities and make well-informed investment decisions.
For daily updates and in-depth analysis of gold rates, continue following our coverage on Business Insider India.
Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.
Advertisement
Here is an extensive daily list to give you the most recent information on silver prices in India's key cities.
| City | 22-Carat | 24-Carat |
| Delhi | ₹ 66,050 | ₹ 72,040 |
| Mumbai | ₹ 65,900 | ₹ 71,890 |
| Kolkata | ₹ 65,900 | ₹ 71,890 |
| Chennai | ₹ 66,500 | ₹ 72,550 |
| Bengaluru | ₹ 65,900 | ₹ 71,890 |
| Hyderabad | ₹ 65,900 | ₹ 71,890 |
| Ahmedabad | ₹ 65,950 | ₹ 71,940 |
| Pune | ₹ 65,900 | ₹ 71,890 |
| Surat | ₹ 65,950 | ₹ 71,940 |
| Nagpur | ₹ 65,900 | ₹ 71,890 |
| Kerala | ₹ 65,900 | ₹ 71,890 |
| Vijayawada | ₹ 65,900 | ₹ 71,890 |
Click to view the details of the silver rate on 13th June
The current gold COMEX stands at $2,322.00 per ounce. This marks a slight increase of $4.00, representing a 0.17% rise from the previous trading session. The trading day saw a high of $2,323.80 and a low of $2,316.70, with the market opening at $2,319.60. The incremental increase in gold's price reflects minor market adjustments and investor sentiment within the commodities market. Overall, these fluctuations are typical of gold's trading patterns, influenced by various economic indicators and global financial trends.
Gold prices fell nearly 1% on Wednesday as investors awaited the U.S. consumer inflation data and the Federal Reserve's interest rate policy update. The market is divided on potential rate cuts this year following strong U.S. labor reports, with focus on policymakers' economic projections and Chair Jerome Powell's remarks. Additionally, robust U.S. jobs data and China's central bank pausing gold purchases led to the largest daily drop in bullion prices since November 2020 last week says Prathamesh Mallya, DVP Research, Non-Agro Commodities & Currency, Angel One Ltd
While these data points offer valuable insights into market trends and factors driving price movements to assist investors in navigating the gold market effectively, investors are advised to perform their own due diligence before making any investment decisions.
Advertisement
As the day progresses, we encourage investors to remain vigilant and monitor gold rates closely for any emerging trends or market developments. By staying informed about these daily price fluctuations, investors can identify potential trading opportunities and make well-informed investment decisions.
For daily updates and in-depth analysis of gold rates, continue following our coverage on Business Insider India.
Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. Rates are subject to change from time to time and across multiple geographical locations. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.