Gold prices witnessed a decline today, April 7, providing a breather for buyers amidst recent volatility. The rates for 18K, 22K, and 24K gold have dropped marginally across major cities like Delhi, Mumbai, Chennai, and Kolkata.
Current Gold Rates (Per Gram):
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Delhi: 18K at ₹6,811, 22K at ₹8,324, and 24K at ₹9,080.
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Mumbai: 18K at ₹6,798, 22K at ₹8,309, and 24K at ₹9,065.
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Chennai: 18K at ₹6,844, 22K at ₹8,400, and 24K at ₹9,164.
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Kolkata: Similar to Mumbai rates with 18K at ₹6,798 and 22K at ₹8,309.
This dip follows a sharp correction in gold prices over the past week. For instance, in Chennai alone, the price of 24K gold fell by ₹174 per gram compared to yesterday. The trend is consistent across other cities as well.
The decline in prices comes as global economic factors stabilize slightly after recent turbulence. With gold being a traditional investment choice in India, this drop is expected to spur buying activity among consumers.
Sources: GoodReturns.in, Indian Express