Bullion remains heavily supported by a broadly weaker dollar, uncertainty around tariff announcements and fears about growth slowdown,” said Manav Modi from Motilal Oswal Financial Services.
Gold prices hit fresh all-time high levels on April 17 amid heightened global uncertainties. Concerns over US President Donald Trump’s reciprocal tariffs and their subsequent reversal made investors shift to safe-haven assets like gold.
Let’s check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country:
| City | Price of 22k gold | Price of 24k gold |
| Delhi | Rs 89,350/10g | Rs 97,460/10g |
| Mumbai | Rs 89,200/10g | Rs 97,310/10g |
| Chennai | Rs 89,200/10g | Rs 97,310/10g |
| Kolkata | Rs 89,200/10g | Rs 97,310/10g |
| Bengaluru | Rs 89,200/10g | Rs 97,310/10g |
| Jaipur | Rs 89,350/10g | Rs 97,460/10g |
| Lucknow | Rs 89,350/10g | Rs 97,460/10g |
| Hyderabad | Rs 89,200/10g | Rs 97,310/10g |
| Ahmedabad | Rs 89,250/10g | Rs 97,360/10g |
(as per data on Good Returns)
Gold’s June contracts on the Multi Commodity Exchange of India (MCX) hit Rs 95,895 per 10gm for the first time ever on April 17.
“Gold prices extended their record run to breach $3,300, as a weaker dollar and escalating U.S.-China trade tensions pushed investors towards the safe-haven asset. Bullion remains heavily supported by a broadly weaker dollar, uncertainty around tariff announcements and fears about growth slowdown. U.S. President Donald Trump ordered an investigation into possible tariffs on all U.S. critical minerals imports, marking another escalation in his dispute with global trade partners and an attempt to pressure China,” said Manav Modi, Senior Analyst of Commodity Research at Motilal Oswal Financial Services.
While 24-carat gold is a 100 percent pure form of gold with no trace of any other metal, the 22-carat variant has 91.67 percent pure gold along with some traces of alloyed metals like silver or copper.
Source: www.moneycontrol.com