Gold Rate Gets Cheaper Today In South Indian Metro Cities:Gold Price Drops In Bangalore, Hyderabad & Chennai

In light of the unstable domestic commodity market brought on by growing tensions in the Middle East, uncertainty over US policy, and inflation, gold prices in South Indian cities saw a dramatic plunge. Gold fell on Thursday, March 12, in major cities including Bangalore, Hyderabad, and Chennai, following the release of US Bureau of Labour Statistics data on Wednesday that indicated underlying US inflation eased in February.

Gold & Silver Rates In Bangalore Today

• Today's gold price in Bangalore stands at Rs 16,222 per gram for 24 karat gold, Rs 14,870 per gram for 22 karat gold and Rs 12,167 per gram for 18 karat gold.
• Today 24 Carat Gold Rate Per 10 Gram in Bangalore: Rs 1,62,220, Yesterday's price: Rs 1,63,310, Price drop: Rs 1,090.
• Today 24 Carat Gold Rate Per 100 Gram in Bangalore: Rs 16,22,200, Yesterday's price: Rs 16,33,100, Price drop: Rs 10,900
• Today 22 Carat Gold Rate Per 10 Gram in Bangalore: Rs 1,48,700, Yesterday's price: Rs 1,49,700, Price drop: Rs 1,000
• Today 22 Carat Gold Rate Per 100 Gram in Bangalore: Rs 14,87,000, Yesterday's price: Rs 14,97,000, Price drop: Rs 10,000
• Today 18 Carat Gold Rate Per 10 Gram in Bangalore: Rs 1,21,670, Yesterday's price: Rs 1,22,480, Price drop: Rs 810
• Today 18 Carat Gold Rate Per 100 Gram in Bangalore: Rs 12,16,700, Yesterday's price: Rs 12,24,800, Price drop: Rs 8,100
• Today, silver costs Rs 280 per gram and Rs 2,80,000 per kilogram in Bangalore, compared to Rs 290 and Rs 2,90,000 yesterday.

Gold & Silver Rates In Hyderabad Today

• The current price of gold in Hyderabad is Rs 16,222 per gram for 24 carat gold, Rs 14,870 per gram for 22 carat gold, and Rs 12,167 per gram for 18 carat gold.
• Today 24 Carat Gold Rate Per 10 Gram in Hyderabad: Rs 1,62,220, Yesterday's price: Rs 1,63,310, Price drop: Rs 1,090
• Today 24 Carat Gold Rate Per 100 Gram in Hyderabad: Rs 16,22,200, Yesterday's price: Rs 16,33,100, Price drop: Rs 10,900.
• Today 22 Carat Gold Rate Per 10 Gram in Hyderabad: Rs 1,48,700, Yesterday's price: Rs 1,49,700, Price drop: Rs 1,000.
• Today 22 Carat Gold Rate Per 100 Gram in Hyderabad: Rs 14,87,000, Yesterday's price: Rs 14,97,000, Price drop: Rs 10,000
• Today 18 Carat Gold Rate Per 10 Gram in Hyderabad: Rs 1,21,670, Yesterday's price: Rs 1,22,480, Price drop: Rs 810.
• Today 18 Carat Gold Rate Per 100 Gram in Hyderabad: Rs 12,16,700, Yesterday's price: Rs 12,24,800, Price drop: Rs 8,100.
• The price of silver in Hyderabad today is Rs 290 per gram and Rs 2,90,000 per kilogram, which dropped from Rs 300 and Rs 3,00,000 yesterday.

Gold & Silver Rates In Chennai Today

• The current price of gold in Chennai is Rs 16,331 per gram for 24 carat gold, Rs 14,970 per gram for 22 carat gold, and Rs 12,700 per gram for 18 carat gold.
• Today 24 Carat Gold Rate Per 10 Gram in Chennai: Rs 1,63,310, Yesterday's price: Rs 1,64,950, Price drop: Rs 1,640.
• Today 24 Carat Gold Rate Per 100 Gram in Chennai: Rs 16,33,100, Yesterday's price: Rs 16,49,500, Price drop: Rs 16,400.
• Today 22 Carat Gold Rate Per 10 Gram in Chennai: Rs 1,49,700, Yesterday's price: Rs 1,51,200, Price drop: Rs 1,500.
• Today 22 Carat Gold Rate Per 100 Gram in Chennai: Rs 14,97,000, Yesterday's price: Rs 15,12,000, Price drop: Rs 15,000.
• Today 18 Carat Gold Rate Per 10 Gram in Chennai: Rs 1,27,000, Yesterday's price: Rs 1,29,500, Price drop: Rs 2,500.
• Today 18 Carat Gold Rate Per 100 Gram in Chennai: Rs 12,70,000, Yesterday's price: Rs 12,95,000, Price drop: Rs 25,000.
• Silver prices in Chennai have fallen from Rs 300 and Rs 3,00,000 yesterday to Rs 290 per gram and Rs 2,90,000 per kilogram today.

MCX Gold Outlook Today

"On the technical front, MCX have seen a pullback in yesterday's session. However, 20 DEMA line is likely to act as support like it has seen acting in the past. The trend remains bullish and momentum happens to be on the positive side. Immediate support is now placed at 159,800, while 164,900- 168,100 stands as the resistance on the higher side. Traders may consider buying MCX Gold for the target of 164,900-168,100, keeping a stop-loss at 158,800," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Fundamental Outlook Today

"Gold and silver prices are trading slightly lower today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly lower for the day; as gold and silver prices fell for a second day, after the release of US inflation data dimmed prospects for interest-rate cuts and the war in the Middle East pushed oil prices higher," commented the research analysts of Nirmal Bang Securities.

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