Gold Price Today: There is a decline in gold prices in the domestic future market after the festive season. Gold futures with expiry of December 5 on Multi Commodity Exchange (MCX) closed at Rs 1,23,451 on Friday. While on one hand the prices of gold were making records, on the other hand its prices have come down since Diwali. Some time back, gold had crossed the figure of 1 lakh 30 thousand.

The ongoing decline has given a new opportunity to people to invest in gold. Market experts believe that the increased prices gave good profits to investors. After this, gold prices fell due to profit booking. As soon as the prices of gold reached its record level, people started selling it. Due to which the gold was broken. If you are thinking of buying gold, then you must know the rates in your city.

Gold price in your city (as per good returns)

Gold price in Delhi (per 10 grams)

24 carat – Rs 1,25,770
22 carat – Rs 1,15,300
18 carat – Rs 94,370

Gold price in Mumbai (per 10 grams)

24 carat – Rs 1,25,620
22 carat – Rs 1,15,150
18 carat – Rs 94,220

Gold price in Chennai (per 10 grams)

24 carat – Rs 1,25,450
22 carat – Rs 1,15,000
18 carat – Rs 96,250

Gold price in Kolkata (per 10 grams)

24 carat – Rs 1,25,620
22 carat – Rs 1,15,150
18 carat – Rs 94,220

Gold price in Ahmedabad (per 10 grams)

24 carat – Rs 1,25,670
22 carat – Rs 1,15,150
18 carat – Rs 94,270

Gold price in Lucknow (per 10 grams)

24 carat – Rs 1,25,770
22 carat – Rs 1,15,300
18 carat – Rs 94,370

Wedding season may pick up again

The wedding season is about to begin in India. Gold is purchased extensively in Indian homes on these occasions. Due to increase in demand and purchases, a rise in gold prices may be seen once again. Market experts believe that people can see this decline in gold as an opportunity and buy gold.

According to experts, this fall in gold prices may be temporary. Gold can once again gain momentum. However, gold has great importance in Indian culture. Indians buy gold on any auspicious occasion. Investors have also seen gold as a safe investment option.

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