New Delhi, June 28 (Udaipur Kiran) – The domestic bullion market witnessed a persistent downtrend in gold prices for the fourth consecutive day today. Across most markets in the country, gold prices have continued to fall. In markets outside Chennai, the price of 24-carat gold slipped below the 72,000-rupee mark, trading in the range of 71,870 to 71,720 rupees per 10 grams. Similarly, 22-carat gold also fell below the 66,000-rupee mark, trading between 65,890 and 65,740 rupees per 10 grams in markets outside Chennai. However, in Chennai, 24-carat gold remained above 72,000 rupees, and 22-carat gold held steady above 66,000 rupees per 10 grams. There was no change in silver prices, with silver continuing to trade at 89,900 rupees per kilogram in the Delhi bullion market.
Gold Prices Across Major Cities
In Delhi, the price of 24-carat gold today was 71,870 rupees per 10 grams, while 22-carat gold was priced at 65,890 rupees per 10 grams. In Mumbai, 24-carat gold was trading at 71,720 rupees per 10 grams, and 22-carat gold was priced at 65,740 rupees per 10 grams. Chennai saw the retail price of 24-carat gold at 72,270 rupees per 10 grams, with 22-carat gold priced at 66,240 rupees per 10 grams.
In Ahmedabad, 24-carat gold was trading at 71,770 rupees per 10 grams, while 22-carat gold was priced at 65,790 rupees per 10 grams. In Kolkata, 24-carat gold was trading at 71,720 rupees per 10 grams, and 22-carat gold was priced at 65,740 rupees per 10 grams.
Price Trends in Other Cities
In Lucknow, 24-carat gold was trading at 71,870 rupees per 10 grams, while 22-carat gold was priced at 65,890 rupees per 10 grams. In Patna, 24-carat gold was priced at 71,770 rupees per 10 grams, with 22-carat gold trading at 65,790 rupees per 10 grams. In Jaipur, 24-carat gold was trading at 71,870 rupees per 10 grams, and 22-carat gold was priced at 65,890 rupees per 10 grams.
Price Decline in Other States
States such as Karnataka, Telangana, and Odisha also witnessed a decline in gold prices. In the capitals of these states – Bengaluru, Hyderabad, and Bhubaneswar – 24-carat gold was trading at 71,720 rupees per 10 grams. In the bullion markets of these cities, 22-carat gold was priced at 65,740 rupees per 10 grams.
Market Insights and Future Predictions
The continuous fall in gold prices can be attributed to various factors including global economic conditions, changes in the US dollar’s value, and fluctuations in international gold prices. Investors and consumers alike are keeping a close eye on these developments, trying to gauge the right time to buy or sell gold.
Investment Strategies in a Volatile Market
For investors, this dip in gold prices might present a buying opportunity, especially if the trend is expected to reverse in the near future. Historically, gold has been seen as a safe-haven asset during times of economic uncertainty. Thus, even with the current downtrend, long-term investors might consider accumulating gold at lower prices.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.