Gold Rate Today, April 10: How much you have to pay for 18, 22, 24 carat gold jewellery

After a one-day hiccup, gold prices are again seen rising, with 24 carat gold today retailing at ₹1,53,150, up as much as ₹1,520 per 10 gm over the previous close. Meanwhile, 22 carat gold today is priced at ₹1,40,400 per 10gm, logging decent gains of over ₹1000 per 10 gm.

Interestingly, even though prices are rising in the retail market, there is seen a drag in the futures market.

Gold rate varies across brands and cities due to a number of reasons, such as demand, transportation cost etc. So, if you are tracking gold rates, here are the rates across major retailers.

Tanishq: 22 carat gold is priced at ₹140,650 per 10 gm, while the price of 24 carat gold is ₹1,53,440.

Joyalukkas: 22 carat gold is priced at ₹1,40,250 per 10 gm

Kalyan Jewellers: 22 carat gold is priced at ₹1,40,250 per 10 gm, while the price of 24 carat gold is ₹1,53,000

Meanwhile, India Bullion and Jeweller’s Association (IBJA’s) indicative retail selling rates for gold jewellery are as below for today:

Fine Gold (999): ₹15031

22 carat : ₹14670

18 carat : ₹12175

14 carat : ₹9695

Factors influencing gold prices in India today

Mirroring sentiment in the global bullion market, gold prices fell today. On the MCX, gold futures for June delivery at around 11.50 am were trading lower by ₹953 or 0.62% at ₹1,52,481/10 gm. The day’s high and low prices recorded were ₹1,52,990 and ₹1,52,481 per 10 gm, respectively.

The losses in the bullion are largely owing to the strength in the dollar. Gold globally is priced in dollars, and any gains in the dollar makes gold expensive for other currency holders, thus impacting its demand and hence the price.

Alongside, the renewed optimism around the US-Iran ceasefire has also eased inflation worries, and hence the likelihood of a higher-for-longer rate in the US.

The high interest rates tend to dampen the sheen of non-interest yielding bullion,

Internationally, gold as per a Reuters report is on course of its third-consecutive weekly gain. US Gold futures at around 12:05 pm traded down by around 0.77% at $4,780.87 per ounce.