Gold Rate Today, August 10: Sharp Crash in Bangalore, Chennai & Hyderabad Gold Prices; Check 24k,22k,18k Price

The yellow metal has come under fresh pressure at the start of the week, with gold prices today facing a sharp decline across major Indian cities on Monday.

The fall in gold prices today is because of the impact of spot gold in the global bullion market, dragging domestic rates lower.

In cities like Bengaluru, Chennai, and Hyderabad, gold rates last week surged to Rs. 83,500 per 100 grams of 24-carat gold.

Gold Rate in Bangalore

On 10 August, the 22-carat gold rates in Bangalore today declined by Rs.350 to cost Rs. 1,39,300 Meanwhile, 24-carat gold now retails for Rs. 1,51,970 per 10 grams, which dropped by Rs. 380. Just like that, 18-carat gold rates in Bangalore also fell by Rs. 280 to retail at Rs. 1,13,980 per 10 grams.

Gold Prices in Chennai Today

The sharp fall was seen in the Gold rate in Chennai as well. The 24-carat gold rate in Chennai crashed by Rs.170 per 10 grams to cost Rs.1,52,180 per 10 grams, while the 22-carat gold rate in Chennai dropped by Rs.150 and now retails at Rs. 1,39,500 per 10 grams.

Gold Rate In Hyderabad

Following Chennai and Bengaluru's lead, gold prices in Hyderabad today fell across purities. The 24 karat gold rate in Hyderabad is now available at Rs. 1,51,970 which fell by Rs. 380 While the 22 karat gold rate in Hyderabad fell by Rs. 350 and now retails at Rs. 1,39,300

Gold Future Price On MCX

On the Multi Commodity Exchange (MCX), the gold futures for August delivery are trading in the green, up by 0.23%, at Rs. 1,52,175 per 10 grams at the time of writing

Similarly, the silver futures prices for the September 4th expiry are adding some gains today by 1.05%, trading at Rs.2,33,900 per kg.
According to ICICI Direct Commodity Report, "MCX Gold October is expected to find support near Rs. 149,500 and rise towards Rs. 154,000 level. MCX Silver September is expected to move in a wide range between Rs. 227,000 and Rs. 236,000 level. Only a move above Rs. 236,000, it would rise towards Rs. 240,000 level"

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