Gold Price In Chennai & Hyderabad Today, April 28: 22-24K/100 Gms Drops Over Rs 6,200, 18K Falls Over Rs 5,100

Due to a stronger dollar, higher U.S. yields, and China's easing of tariffs, gold's value on the domestic market fell precipitously on Monday, April 28. Gold is now trading around Rs. 97,000 per 10 grams for 24K, and because Akshaya Tritiya 2025 is coming up, it is anticipated that demand will continue to rise as a result of the joyous occasion. Although bullion recently crossed a high of $3,500 and is up 30% so far this year, it is expected to continue to fluctuate as China considers lifting its 125% tariff on a number of US goods.

Gold & Silver Price Hyderabad/Chennai Today

Today, 24 carat gold costs Rs 9,753 per gram, 22 carat gold costs Rs 8,940 per gram, and 18 carat gold costs Rs 7,315 per gram in Hyderabad and Chennai. While 22k of 100 gms of gold would cost Rs 8,94,000 on Monday, down Rs 6,200 from Rs 9,00,200 on Saturday, the price of gold in Hyderabad and Chennai is Rs 89,400 today for 22k of 10 grams, down Rs 620 from Rs 90,020 earlier.

The price of gold in Hyderabad and Chennai is Rs 97,530 today, down Rs 680 from Rs 98,210 earlier, for 24k of 10 grams. On the other hand, the price of gold in Hyderabad and Chennai on Monday is Rs 9,75,300, down Rs 6,800 from Rs 9,82,100 on Saturday.

In Hyderabad, the price of 18 carat gold per 100 grams is currently Rs 7,31,500, down Rs 5,100 from Rs 7,36,600 earlier. In Chennai, the price will be Rs 7,40,500 on Monday, down Rs 5,500 from Rs 7,46,000 on Saturday.

Today, silver costs Rs 111 per gram and Rs 1,11,000 per kilogramme in Chennai and Hyderabad, respectively, as opposed to Rs 111.90 and Rs 1,11,900 on Saturday.

MCX Gold Outlook Today

"On the technical front, MCX Gold is in an uptrend on both the daily and weekly charts, with the majority of technical indicators strongly favoring the bulls. However, the last couple of trading sessions have seen sharp selling on increased volumes, which is slightly negative. Currently, support is placed at 94,280/93,200, while resistance is seen at 96,400/98,800. Since the overall trend remains bullish, one can consider buying MCX Gold near 93,200 for a target of 96,400/98,800. However, consistent weakness below 92,600 would warrant a review of this view," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Price Prediction Today

"Gold and silver prices are trading lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to lower for the day, as gold prices fell further from last week's record high, as trader's unwound positions on signs the metal's explosive rally may have run too hard and too fast," Nirmal Bang Securities stated in a note.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.