Gold Rates In Bangalore, Chennai & Kolkata Up Sharply By Rs. 750, On Oct. 22: Check Rates

Gold rates in the major Indian cities are significantly gaining today, as the yellow metal recovers in the international markets. IBJA fixes the gold prices in Indian cities following the global market trend. The US Dollar index and US Treasury Yields cooled down marginally, leading to stronger gold and silver prices. Investors are now looking forward to the Federal Reserve's November meeting and next week's US Q3 GDP data.

Ahead Of Diwali and Dhanteras, gold rates were falling sharply in India, however, today the markets recovered, giving a silver lining to the gold jewelers and sellers. Today, on October 22, in India the 22-carat gold rate gained to Rs. 47,000, and the 24-carat gold rate gained to Rs. 51,280/10 grams, increased sharply by Rs. 750 - Rs. 830, respectively. The silver rate also gained to Rs. 5770/100 grams.

In Bangalore, the 22-carat gold rate gained to Rs. 47,050, and the 24-carat gold rate gained to Rs. 51,330/10 grams, increased sharply by Rs. 750 - Rs. 830, respectively.

In Chennai, the 22-carat gold rate gained to Rs. 47,400, and the 24-carat gold rate gained to Rs. 51,710/10 grams, increased sharply by Rs. 750 - Rs. 810, respectively.

In Kolkata, the 22-carat gold rate gained to Rs. 47,000, and the 24-carat gold rate gained to Rs. 51,280/10 grams, increased sharply by Rs. 750 - Rs. 830, respectively.

In Delhi, the 22-carat gold rate gained to Rs. 47,150, and the 24-carat gold rate gained to Rs. 51,440/10 grams, increased sharply by Rs. 800 - Rs. 840, respectively.

The Comex gold futures were quoted at $1,662.50/oz, up by 1.57%, till last traded. Yesterday it was last traded at $1,636.80/oz. In the Mumbai Commodity Exchange (MCX) gold in December future is quoted at Rs. 50635/10 grams, up by 0.98%, from the last trading day. Meanwhile, the US 2-year Treasury bond yield was quoted at around 4.483%, and the US 10-year Treasury yield was quoted at around 4.219%. The US Dollar index is quoted at 111.88, at the time of writing.