Due to the fear of recession in the world and the strengthening of the US dollar, the price of gold and silver continues to fall on Thursday (July 14, 2022). Gold futures on MCX (Multi Commodity Exchange) are trading 0.25 per cent lower or Rs 129 down at Rs 50,673. At the same time, silver September futures is trading at Rs 56,870 per kg, down 0.45 per cent or Rs 257.
Reasons for falling gold price: The fall in gold prices is being caused by the ongoing turmoil in the global market. The news agency Reuters reported that rising inflation in the US, the increase in interest rates by the Federal Reserve (America’s central bank) is the main reason for the pressure on gold prices. In the international market, spot gold prices fell 0.4 percent to $ 1728 an ounce and gold futures fell 0.5 percent to $ 1726 an ounce.
According to the price released by the Indian Bullion and Jewelers Association, the price of 24 carat gold per 10 grams is Rs 50,800, 22 carat gold Rs 49,590, 20 carat gold Rs 45,220, 18 carat gold Rs 41,150, 14 carat The price of gold is Rs 32,277.
New Gold Rate in your city as on 14th July 2022
Chennai
22 carat – Rs 46,760
24 carat – Rs 51,010
Mumbai
22 carat Rs 46,900
24 carat Rs 51,160
Delhi
22 carat Rs 46,900
24 carat Rs 51,160
Kolkata
22 carat Rs 46,900
24 carat Rs 51,160
Bangalore
22 carat Rs 46,950
24 carat Rs 51,220
Hyderabad
22 carat Rs 46,900
24 carat Rs 51,160.
Ahmedabad
22 carat Rs 46,930
24 carat Rs 51,190
Baroda
22 carat Rs 46,970
24 carat Rs 51,180
Jaipur
22 carat Rs 47,050
24 carat Rs 51,310
Lucknow
22 carat Rs 47,050
24 carat Rs 51,030
Vijayawada
22 carat Rs 46,900
24 carat Rs 51,160
Patna
22 carat Rs 46,970
24 carat Rs 51,180
Nagpur
22 carat Rs 46,970
24 carat Rs 51,180