Now Reading: Gold prices dip on MCX, 24K at Rs 15,513 per gram
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Gold prices dip on MCX, 24K at Rs 15,513 per gram
Gold prices fell on August 13, with the MCX opening 0.34% lower at Rs 1.55 lakh per 10 grams. According to goodreturns.in, 24K gold (99.9% purity) is priced at Rs 15,513 per…
The Story in Brief
Gold prices fell on August 13, with the MCX opening 0.34% lower at Rs 1.55 lakh per 10 grams. According to goodreturns.in, 24K gold (99.9% purity) is priced at Rs 15,513 per gram nationally, 22K at Rs 14,220, and 18K at Rs 11,635. Delhi sees the highest 24K rate at Rs 15,528, while Chennai, Mumbai, Kolkata, and Bangalore quote Rs 15,513.
The previous session had marked a seventh consecutive win for gold, driven by firm global demand and strong investment appetite. City-wise variations exist, with southern cities like Madurai and Coimbatore showing higher 18K rates of Rs 11,981. The dip reverses a recent rally.
The Indian Opinion
The standard narrative that gold always rises during uncertainty is lazy. This modest dip shows the market is pricing in global cues, not just fear. Indian buyers would do well to watch the US dollar index and RBI gold reserves data rather than chase headlines. The real test: will gold cross Rs 1.6 lakh again by Diwali?
Source: timesnownews.com
This story was synthesised by AI from the source linked above.
