Gold Price Today 8-4-2021: Yellow metal soars by Rs 1000, check latest development

Gold Price Today 08-04-2021: Yellow metal rate went up by Rs 1000 per 100 gram as the uptrend continues. It started rising at the onset of April, the new financial year. In recent times, Gold price has remained volatile. In February, Gold price peaked but then witnessed a fall in March. Gold price rate has again started to climb.
 
Anand Rathi Securities Fundamental Analyst Jigar Trivedi says that MCX gold for the fourth session ended in green as the Indian rupee depreciated past 74.0 per dollar, after the Reserve Bank of India left interest rates at record-low levels amid a fresh surge in COVID-19 infections and large government borrowing. However, Comex Gold fell from the highest level in more than a week amid fluctuating financial markets and muted investor interest.

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Anand Rathi said that Minutes of the Federal Reserve’s most recent policy meeting released Wednesday provided no tailwinds for the metal. Federal Reserve officials saw it taking some time before conditions would be met for scaling back the massive monthly asset purchase program. The IMF raised its outlook for global economic growth again on Tuesday, forecasting worldwide output would rise 6% this year, a rate not seen since the 1970s. Anand Rathi expects the yellow metal to correct during the intraday today amid rising dollar.

On an average, buyers need to pay Rs 44,300 for 22-carat gold per 10 gram and Rs 4,43,00 for 100 gram. If buyers are purchasing 24-carat gold, one needs to shell out on average Rs 45,300 per 10 gram and Rs 4,53,000 per 100 gram.

Gold Price Rate Today in Mumbai, Delhi, Other Cities, States

Gold price varies in different cities and states across India. 22-carat gold price today in Mumbai is Rs 44,300. If you are buying Gold in Delhi, the price is Rs 44,800. In Bengaluru, the gold price today is Rs 42,650. In Chennai, the Gold price today is Rs 42,970. In Uttar Pradesh’s Lucknow, 22-carat Gold price is Rs 44,800.

Also, the 24-carat gold price today in Mumbai is Rs 45,300. If you are buying 24-carat Gold in Delhi, the price is Rs 48,870. In Bengaluru, the 24-carat gold price today is Rs 46,530. In Chennai, the 24-carat Gold price today is Rs 46,890. In Uttar Pradesh’s Lucknow, 24-carat Gold price is Rs 48,870.