24K Gold Prices Hovering Above 66,000: Check Latest Yellow Metal Prices In Your City

Earlier, gold prices remained steady on Friday as they appeared set to log their first weekly decline in four as investors lowered expectations of a U.S. interest rate cut after data over the week showed bubbling price pressures, according to Reuters report.

Spot gold was little changed at $2,159.99 per ounce, as of 2:42 p.m. EDT (1842 GMT). Bullion lost 0.8% for the week, in its first weekly decline since mid-February after hitting a record high of $2,194.99 last week. U.S. gold futures settled 0.3% lower at $2,161.5. Data this week showed U.S. consumer prices increased above expectations in February and producer prices also showed some stickiness in inflation, added Reuters report.

“Gold has already priced in whatever positive boost it would get from expectations that interest rates are going down… if inflation starts to kick higher again, it means that policymakers are going to have to keep monetary policy more restrictive for longer,” said Everett Millman, chief market analyst at Gainesville Coins, stated Reuters report.

Yellow metal prices In top 4 metropolitan cities of India on March 16, 2024:

Gold Price Chennai: Price of 10 grams of 22 carat of gold price Chennai today is Rs 61,150 and cost of 10 grams of 24 carat gold is Rs 66,710.

Yellow Metal Price Mumbai: Price of 10 grams of 22 carat gold in the financial capital of the country is Rs 60,590 and cost of 10 grams of 24 carat yellow metal is Rs 66,100.

Precious Metal Price Delhi: Price of 10 grams of 22 carat yellow metal in Delhi on March 16 is Rs 60,740 and cost of 10 grams of 24 carat gold is Rs 66,250.

Gold Price Kolkata: Price of 10 grams of 22 carat of yellow metal in Kolkata on March 15, 2024 is Rs 60,590 and cost of 24 carat of 10 grams gold is Rs 66,100.

Price of 18K gold in India is Rs 49,570/10 grams and Rs 4,95,700/100 grams on Saturday.

Meanwhile, silver prices India surged by Rs 300 on March 16, 2024. You will need to pay Rs 77,300 for 1 kg of Silver in India on Saturday. And, 100 grams silver prices in India today is Rs 7730.