Hyderabad Gold Prices Rally But Chennai Gold Rate Pauses on June 22: Check Today's 24K, 22K 18K Gold Prices

24K, 22K 18K Gold Rate Today: Gold prices in India began the week in green after experiencing volatility last week. Gold prices in Hyderabad moved higher today while gold rates in Chennai stayed on the similar levels from the previous day.

The rebound in India gold prices comes from after the trend in the international market, where spot gold recovered from a more than one-week low as crude oil prices declined following optimism surrounding the US-Iran 60-day peace roadmap.
In the domestic market, jewellers also saw renewed customer interest after gold prices recently retreated from their highs to their lowest levels in several weeks.

Gold rate in Hyderabad today

As of 22 June, the 22-carat gold rates in Hyderabad jumped by Rs. 400 to cost Rs. 1,34,300 per 10 grams, while the 24-carat gold rates surged by Rs. 430 per 10 grams to stand at Rs. 1,46,510 per 10 grams. Similarly, the 18-carat gold rates in Hyderabad jumped by Rs.320 to cost Rs. 1,09,880 per 10 grams.

Gold Rate in Chennai

Unlike in Hyderabad, the gold prices in Chennai saw no major movement. The 22-carat gold rate was at Rs. 1,36,000 per 10 grams and The 24-carat gold rate was at Rs. 1,48,370 per 10 grams. Similarly, the 18-carat gold rate in Chennai costs Rs. 1,48,370 per 10 grams.

Silver Prices Today in Hyderabad + Chennai

On the other hand, silver prices today in both Hyderabad & Chennai made no movements and stayed at last week's level. Silver price is currently retailing at Rs. 2,50,000.Meanwhile, 100 grams of silver is currently priced at Rs 25,000.

MCX Gold & Silver Futures Updates

On the Multi Commodity Exchange, Gold August Futures prices rose by 0.81% today to trade at Rs 1,48,401 per 10 grams. Similarly, July Silver futures prices zoomed by 1.90% at the time of writing to trade at Rs. 2,37,611 per Kg.

Spot Gold and Spot Silver Price Today

"Gold prices rose slightly about 0.4% to $4,176 per ounce, even though they had dropped to their lowest point since June 11 on Friday. U.S. gold futures for August delivery went down 1.2% to $4,194," as mentioned by Reuters in its recent report.

As per ICICI Commodity Outlook, "Further, prices may dip amid growing uncertainty over a peace deal between the US and Iran. Uptick in fighting in southern Lebanon and US President Donald Trump threatening to resume attacks on Iran threatened the agreement, reigniting inflation concerns and higher interest rates for a prolonged time. Additionally, in the recent meeting US Federal Reserve decided to hold interest rate steady and signaled 1 rate hike by the end of the year."

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