Gold Price Today: Yellow metal slips to month low - Check rates in your city

Gold Price Today: Due to the rise in bond yield and US dollar index, pressure is being seen on the bullions. The yellow metal is flat in the domestic market, but silver continues to decline. On the Multi Commodity Exchange (MCX), Gold October futures were down by 0.07 percent at Rs 51,125 per 10 grams. Likewise, Silver September futures were also trading lower at Rs 54,723 per kg. The metal was down by 0.49 percent on Tuesday at 11:35.

The rupee depreciated 4 paise to 79.88 against the US dollar in opening trade on Tuesday tracking a strong American currency and risk aversion in domestic markets.

"The rupee could continue to extend losses in the week and possibly test new lows on prospects that the US Federal Reserve will continue to deliver large rate hikes," said Sriram Iyer, Senior Research Analyst at Reliance Securities.

On the domestic equity market front, the 30-share Sensex was trading 60.86 points or 0.10 percent higher at 58,834.73, while the broader NSE Nifty was up 33.50 points or 0.19 percent to 17,524.20.

Here are the indicative price of 22 Carat Gold Today, 23 August 2022, in major Indian cities (except GST, TCS, and other levies):

Chennai : Rs 48,000

Mumbai : Rs 47,000

Delhi : Rs 47,150

Kolkata : Rs 47,000

Bangalore : Rs 47,050

Hyderabad : Rs 47,000

Kerala : Rs 47,000

Ahmedabad : Rs 47,050

Lucknow : Rs 47,150

Patna : Rs 47,030

Chandigarh : Rs 47,150

Bhubaneswar : Rs 47,000

(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)