Gold Price On March 18: Gold prices opened on the Multi Commodity Exchange (MCX) on Monday at Rs 65,348 per 10 grams and hit an intraday low of Rs 65,236. In the international market, spot gold was little changed at $2,156.69 per ounce, as of 0059 GMT. US gold futures inched 0.1% lower to $2,159.90.
Meanwhile, silver opened at Rs 75,232 per kg and hit an intraday low of Rs 75,210 on the MCX. In the international market, the price hovered around $24.09 per ounce.
Gold rate today in India: Retail gold price on March 18
The price of ten grams of 24-carat gold in Mumbai is in line with prices in Kolkata and Hyderabad, at Rs 66,090.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 24-carat gold stood at Rs 66,240, Rs 66,090, and Rs 66,700, respectively.
In Mumbai, the price of ten grams of 22-carat gold is at par with that in Kolkata and Hyderabad, at Rs 60,580.
In Delhi, Bengaluru, and Chennai, the price of ten grams of 22-carat gold stood at Rs 60,730, 60,580, and 61,140, respectively.
US gold struggled for momentum in early Asian hours on Monday as the dollar held firm and investors braced for a series of major central bank policy meetings including the US Federal Reserve this week.
Spot gold was little changed at $2,156.69 per ounce, as of 0059 GMT. US gold futures inched 0.1 per cent lower to $2,159.90.
Spot platinum rose 0.2 per cent to $935.15 per ounce, palladium gained 0.2 per cent to $1,080.02, while silver was steady at $25.18.
The price of one kilogram of silver in Delhi, Mumbai, and Kolkata stood at Rs 77,200. One kilogram of silver in Chennai was trading at Rs 80,200.
Check gold rates today in different cities on March 18, 2024; (In Rs/10 grams)
Retail Cost of Gold
The retail price of gold in India, often referred to as the gold rate, is the final cost per unit weight that customers pay when purchasing gold. This price is influenced by several factors beyond the inherent value of the metal itself.
Gold is highly important in India because of its cultural significance, its value for investment, and its traditional role in weddings and festivals.
Outlook
Gold struggled for momentum in early Asian hours on Monday as the dollar held firm and investors braced for a series of major central bank policy meetings including the US Federal Reserve this week.
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