Gold rates today in Delhi, Chennai, Kolkata and Mumbai - 2 April, 2020

The Gold rate on Thursday is down for the fourth day in a row at all metropolitan cities in India. Since the timings of the commodity derivatives trading have reduced to 8 hours and coronavirus lockdown, the markets have been on the lower side resulting in a fall of rates. If we could see the rates at major cites, the gold rate is reduced by Rs. 70 per 10 grams of 22 carats to Rs. 40,940 and the rate of ten-gram of 24 carats decreased by Rs. 80 to Rs. 43,210.

In Chennai, the gold rates have seen a fall of Rs. 70 per ten grams of 22 carats by which the rate is tagged at Rs 39,440 while the 24-carat gold price also reduced by Rs. 80 to 43,080.

While in Kolkata, the rate of ten-gram of 22 carats decreased by Rs. 70 to Rs. 40,490 and rate of ten-gram of 24 carats also increased by Rs. 75 per ten grams of 24 carats by which the price is tagged at Rs 43,125.

In the commercial capital Mumbai, the rate of ten-gram of 22-carat gold is reduced by a huge margin of Rs. 70 to Rs 40,670 and that of ten-gram of 24 carats is also cut down by Rs. 70 to Rs. 41,670.

There are many factors that affect the gold price such as Inflation, global market price changes, gold reserves at the central banks, interest rates and trade wars. The silver rate per kg ha increased by Rs.460 to Rs. 39,940.