Mirroring the international gold prices rally, in India today, on September 10, gold prices marginally, after a price fall of three days in a row. The price of 22 carat gold is quoted at Rs. 46,070 today, while the 24 carat gold is quoted at Rs. 47,070 per 10 grams, exhibiting a Rs. 70 gain per 10 grams gold than yesterday's quotations. Gold is a dollar-dominated asset and Indian gold prices are determined by IBJA according to global gold markets. Comex gold rate today increased by 0.17% at $1803.1, while international spot gold price was up by 0.31% at $1800.00/oz as of 3.09 PM IST today. However, MCX gold in October future was down by 0.14% as of 3.09 PM IST today. US dollar index, on the other hand, was down by 0.17% at 3.10 PM IST today.
Gold rates in different Indian cities are quoted differently, daily. Today's gold rates in major Indian cities follow:
|City||22 carat (INR/10 Grams)||24 carat (INR/10 Grams)|
Following multiple positive news stories, gold prices have rallied up in the international market today. Reports are coming out that US President Joe Biden and Chinese President Xi Jinping have met with an affirmative tone and they want to improve trade relations with the ASEAN countries. The gold and silver prices both performed well today at psychological high levels, gold was quoted above $1,800.
Indian gold prices are fixed by the Indian Bullion Jewellers Association (IBJA) daily, which consists biggest Indian gold dealers. The central government is promoting hallmarked gold jewelleries strongly to ensure the purity of gold to the buyers. To be confident about the correct price and long-term assurance, buyers should opt for hallmarked gold.