Gold prices today in major Indian cities like Delhi, Chennai, Mumbai, and Kolkata have been a topic of interest for many investors. The yellow metal has always been a preferred choice for Indians when it comes to investments. The rising gold prices have kept investors on their toes, constantly checking for updates on the latest rates in their respective cities.
On Saturday, there was a slight retreat in gold prices. The price of 24 carat gold was Rs.7211.8 per gram, down by Rs. 91, while 22 carat gold stood at Rs. 6606 per gram, down by Rs. 83. In Delhi, the gold price was Rs. 72,118 per 10 grams, in Chennai it was Rs. 72,118 per 10 grams, in Mumbai it was Rs. 71,699 per 10 grams, and in Kolkata it was Rs. 71,489 per 10 grams.
The Reserve Bank Governor, Shaktikanta Das, recently mentioned that the country is building up its gold reserves as part of its forex deployment strategy. The value of gold in the forex reserves reached $51.487 billion as of March 22, indicating an increase of $6.287 billion compared to the end of March 2023. The World Gold Council also reported that RBI’s gold holdings reached 812.3 tonnes by the end of January 2024.
With the continuous rally in gold prices, investors are keeping a close eye on the market trends to make informed decisions about their investments. Stay updated on the latest business news, RBI MPC meetings, gold rates, and other important updates on the Hindustan Times website and app.
