Gold price today: Yellow metal gains momentum, silver falls; check rates in your city

The price of gold was hovering at its lowest level for some time now. It was falling continuously for a few days but today, the price of gold has once again increased. At the same time, there is a slight decline in silver. The futures price of gold on the Multi Commodity Exchange (MCX) is at Rs 46,646 per 10 grams. At the same time, silver futures for September are at Rs 60,786 per kg.

The rates of gold have moved upwards, while the price of silver has come down and it has been recorded at Rs 59,800 per kg. In the capital Delhi and Mumbai, 22 carat gold is priced at Rs 46,650 and Rs 45,330 per ten grams. On the other hand, gold rates in Chennai are Rs 43,740 per ten grams. In Delhi, 10 grams of 24-carat gold is being sold for Rs 49,800 and in Mumbai for Rs 46,330. Gold is being sold in Chennai this morning at Rs 47,720. The price of gold in Kolkata is Rs 48,250.

Gold price this week (September 20-September 22: MCX October Futures)

• Monday: 45,928/10 grams
• Tuesday: 46,205/10 grams
• Wednesday: 46,646 /10 grams

According to experts, gold prices may fall further in the coming days. The price of gold in the domestic market is close to the low level of 6 months. In August last year, gold had set a record high of Rs 56,200 per 10 grams.

Kotak Securities said that due to the trend in the US dollar and equity markets, there may be a change in the position of gold. Investors are assessing the monetary policy of the Fed and the economic situation in China.

Notably, you can easily find out these rates sitting at home. For this, you just have to give a missed call to this number 8955664433 and a message will come on your phone, in which you can check the latest rates.