Gold Price Steady in India Despite Global Volatility
The price of gold in India remains steady at ₹1.49 lakhs per 10 grams, according to the latest data from MCX. This comes after a significant fall in September due to rising Treasury yields and shift in Fed policy expectations.
According to Reuters, spot gold rose 0.2 percent to $4,165.29 per ounce on Oct. 1, with U.S. gold futures finishing 0.4 percent higher at $4,202.30.
The prices of gold in major cities across India are as follows: Chennai ₹14,924, Mumbai ₹14,924, Delhi ₹14,939, Kolkata ₹14,924, Bangalore ₹14,924, Hyderabad ₹14,924, Kerala ₹14,924, Pune ₹14,924, and Vadodara ₹14,929.