Gold Price Today: Yellow metal price falls on MCX | Check rates in your city on September 14

Gold Price Today: The price of gold continues to be in negative on the third day of the week. On the Multi Commodity Exchange (MCX), the Gold October futures were trading 0.05 per cent low at Rs 50,115 per 10 grams. Likewise, the Silver December futures were also trading in red at Rs 56,480 per kg. The metal was down by 0.58 per cent on September 14 at 10:30 am.

The rupee depreciated by 43 paise to 79.60 against the US dollar in opening trade on Wednesday, as higher-than-expected US CPI print resulted in massive risk-off sentiments, as per PTI report.

"The higher-than-expected print has raised the prospect of more aggressive monetary policy tightening by the US Fed. Markets now expect the terminal Fed Funds rate to be 4.25 per cent. Markets are also attributing a 20 per cent chance of a 100 basis point hike in the policy next week," according to IFA Global Research Academy.

On the domestic equity market front, the 30-share BSE Sensex was trading 559.31 points or 0.92 per cent lower at 60,011.77, while the broader NSE Nifty was lower by 155.20 points or 0.86 per cent to 17,914.85, said PTI.

Here are the indicative price of 22 Carat Gold Today, September 14, 2022, in major Indian cities (except GST, TCS, and other levies):

Chennai : Rs 47,010

Mumbai : Rs 46,400

Delhi : Rs 46,550

Kolkata : Rs 46,400

Bangalore : Rs 46,450

Hyderabad : Rs 46,400

Kerala : Rs 46,400

Ahmedabad : Rs 46,450

Lucknow : Rs 46,550

Patna : Rs 46,430

Chandigarh : Rs 46,550

Bhubaneswar : Rs 46,400

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before investing/purchasing.)

(With the inputs of PTI)