Gold Rate Today (June 16): Check Out Gold Prices In Delhi, Mumbai, Bengaluru, Ahmedabad, More Cities

Gold Prices Today: India is the second-largest market of gold consumers in the world, but right after China, and it relies on imports almost solely, and the recycles do not play an important role. The global market trend and domestic economy contribute to the production of domestic prices of gold. Gold price is traded using US dollars and as such, change of the exchange rate will directly affect Indian prices. The retail prices are also increased by high import duties and a taxation structure that builds on one another. Though gold can be said to be a conventional hedge against inflation its prices are also influenced by changes in bond yields and fluctuations in currencies. Nevertheless, these sensitivities have not taken the value of gold that is still an attraction to investors in times of financial discomfort to find refuge in the sturdy metal to keep the status of gold as a safe store of value in times of economic turmoil or unpredictability.

Following are the latest gold rates that apply in ten major cities of India:

In Delhi Today Gold Rate

The prevailing prices of gold in Delhi (Rs per gram) in pure form (22-carat gold) is 9,320, and 24-carat gold (regularly referred to as 999 gold) is 10,166.

Gold Spot In Chennai

Current gold rates in Chennai- The rates of 22-karat gold and 24-karat gold (usually referred to as 999 gold here) are Rs 9 305 and 10 151 per gram respectively.

Gold Price in Bengaluru

The prevailing gold rates in Bengaluru are 22-karat gold: Rs.9305 and 24-karat gold: Rs 10151 per gram commonly referred to as 999 gold.

Mumbai today gold rate.

At present, the prevailing gold prices in Mumbai are Rs 9,305/grams and Rs 10,151/grams in case of 22 and 24 karat gold respectively (commonly referred to as 999 gold).

Gold rate in pune today

The present gold price in Pune is as; Rs 9,305 per gram of 22- Kangha and Rs 10,151 per gram of 24-kangha (popularly referred to as 999 gold).