Gold Prices Dropped By Rs 100 Across Indian Cities, Check Gold Rates Here

Gold prices fell on Wednesday, March 15, 2023, due to a stronger dollar as investors weighed the Federal Reserve's rate hike path after a closely watched consumer price report revealed continued high inflation. The spot price of gold was $1,893.05 per ounce, down 0.5%. Gold futures in the United States fell 0.7% to $1,897.30.

The price of gold dropped by Rs 100 across the Indian cities. However, the rates differ across cities and states within India. In Bengaluru, the 22k gold quoted at Rs 53100 per 10 grams dropped from Rs 53200, while in Chennai, the gold rates for 22k dropped to Rs 53900 from Rs 53900 for 10 grams. Other major south Indian cities also followed the fall. Hyderabad gold rate for 22k dropped by Rs 100 to Rs 53050 to Rs 53150 for 10 grams.

The 22k gold in cities including Delhi, Mumbai, Pune, Surat, and Kolkata also dropped by Rs 100. In Delhi, the gold rate is Rs 53200 for 10 grams. In Mumbai, the gold rate is Rs 53050 for 10 grams. In Pune, the gold rate is Rs 53050 for 10 grams. In Surat, the gold rate is 53100 for 10 grams. In Kolkata, the gold rate is 53050 for 10 grams.