Gold Price Today: Yellow metal unchanged on higher dollar index – check rates in key metro cities

Gold Price Today:  The yellow metal remained stable on Monday as rate for 22-carat gold of 10-gram value stood at Rs 45,950, while for 10 grams per 24 carat is Rs 51, 210. 

The data reported the standard gold rate for the day, likely to vary slightly subject to individual cities.  

In Delhi, the gold price of 22-carat is Rs 46,950 per 10 grams and per 10 grams of 24-carat is Rs 51, 210. While in Mumbai, the rates are the same as the standard ones, that is, Rs 46,950 per 10 grams of 22-carat gold while for 10 grams per 24-carat is Rs 51, 210.  

In Ahmedabad, the rate per 10 grams of 22-carat gold is Rs 47,000 and for 10 grams of 24-carat gold is Rs 51,260. Similarly, in Chennai, it is Rs 46,890  per 10 grams of 22-carat gold and Rs 51,150 per 10 grams for 24-carat gold today.  

Gold was flat on Monday, as a towering US dollar put pressure on demand for greenback-priced bullion and pinned it near nine-month lows seen last week, as the dollar climbed back towards its highest level in about 20 years hit on Friday, the Reuters report said. 

Precious metal marked a fourth straight weekly loss on Friday, having hit its lowest since late September a few sessions prior, hurt by the dollar`s ascent and bets for steep interest rate hikes gaining traction after healthy US jobs data. 

Benchmark US 10-year Treasury yields steadied near the previous session`s over one-week high, weighing on gold. Higher interest rates and bond yields increase the opportunity cost of holding non-yielding bullion.