Gold Prices Today: Bangalore, Chennai, Hyderabad See Fresh Moves in 24K, 22K, 18K Rates & Silver on March 31

Gold prices have remained highly volatile over the past 10 days. After observing a multi-day decline, prices rebounded sharply and the rally has now continued for the fourth consecutive session. The surge in demand for retail buyers during the dip has supported the recovery in the yellow metal, particularly lifting gold rates in Bengaluru and Hyderabad.

Meanwhile, gold prices in Chennai have seen a slight decline today. However, the overall spike in international gold prices has had a direct impact on domestic markets, keeping the broader trend positive.

Gold rate today is rising in both Bengaluru and Hyderabad, with prices increasing by nearly Rs. 43,300 per 100 grams over the last four days.

Gold Rate in Chennai Today

On March 31, the 22-carat gold rate in Chennai declined by Rs. 1000 per 10 grams to cost Rs. 1,36,700 per 10 grams. While the 24-carat gold prices in Chennai today fell by Rs. 1090 and are currently retailing at Rs. 1,49,130 per 10 grams. Similarly, the 18-carat gold rate today also declined by Rs 3000 per 10 grams to cost Rs. 1,14,600

Gold rate in Bangalore today

The 22-carat gold rate in Bangalore jumped by Rs. 950 per 10 grams, bringing the price down to Rs. 1,36,850 per 10 grams. Meanwhile, the 24-carat gold price in Bangalore spiked by Rs. 1030 now retailing at Rs. 1,49,290 per 10 grams. The 18-carat gold also saw a rise of Rs.780 per 10 grams, currently priced at Rs.1,11,970.

Gold rate in Hyderabad today

Similarly the gold prices in Hyderabad also spiked across all purity levels. The 22-carat gold rate in Hyderabad jumped by Rs.950 per 10 grams, now priced at Rs.1,36,850 per 10 grams. Meanwhile, the 24-carat gold price in Hyderabad today fell by Rs. 1030, taking the rate up to Rs. 1,49,290 per 10 grams. Even the 18-carat gold rate in Hyderabad saw a rise of Rs. 780, currently retailing at Rs. 1,11,970 per 10 grams.

Gold & Silver Target Price Ahead

"Gold prices are expected to rise. One can buy at 143500 with a stop loss of 142000 for the target at 145000-148000. Meanwhile Silver prices are expected to rise. Traders can buy at 222000 with a stop loss of 215000 for the target at 230000-242000." as per the Nirmal Bang Securities report.

MCX Gold and Silver Futures Update

Trading activity on the Multi Commodity Exchange (MCX) is closed today on the occasion of Mhaveer jayanti. So at the end of yesterday's session, gold futures slated to mature on June 5 closed at Rs.1,47,450 after declining by 0.15%. Similarly, silver futures, which are set to expire on May 5th, rose by 0.03% to settle at Rs 2,29,033 on Monday.

Spot Gold Prices + Spot Silver Price Today

As per the latest Reuters commodity report, "Spot gold was up 1.1% at $4,561.68 per ounce, ​as of 0427 GMT. U.S. gold futures for April delivery gained 0.7% to $4,590. Spot silver rose 2.9% to $72.04 per ounce."

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