While 24-carat gold is a 100 percent pure form of gold with no trace of any other metal, the 22-carat variant has 91.67 percent pure gold along with some traces of alloyed metals like silver or copper.
Gold prices saw a decline on March 25, after hitting record highs in the beginning of the month. According to the India Bullion and Jewellers Association, gold (999 purity) was trading at around Rs 87,559 per 10 gm on March 25.
Let’s check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country:
| City | Price of 22k gold | Price of 24k gold |
| Delhi | Rs 82,000/10g | Rs 89,440/10g |
| Mumbai | Rs 81,850/10g | Rs 89,290/10g |
| Chennai | Rs 81,850/10g | Rs 89,290/10g |
| Kolkata | Rs 81,850/10g | Rs 89,290/10g |
| Bengaluru | Rs 81,850/10g | Rs 89,290/10g |
| Jaipur | Rs 82,000/10g | Rs 89,440/10g |
| Lucknow | Rs 82,000/10g | Rs 89,440/10g |
| Hyderabad | Rs 81,850/10g | Rs 89,290/10g |
| Ahmedabad | Rs 81,900/10g | Rs 89,340/10g |
(as per data on Good Returns)
Gold’s April contracts on the Multi Commodity Exchange of India (MCX) traded at Rs 87,280 per 10 gram on March 25.
Manav Modi, Senior Analyst of Commodity Research at Motilal Oswal Financial Services, said, “Gold edged down after U.S. President Donald Trump stated that not all of his proposed tariffs would take effect on April 2, boosting risk sentiment, while a Federal Reserve official signaled a cautious stance on rate cuts this year. President Trump said automobile tariffs are coming soon even as he indicated that not all of his threatened levies would be imposed on April 2 and some countries may get breaks. Over the weekend he had mentioned about some flexibility in the reciprocal tariffs, weighing on precious metal pack. Elsewhere, Atlanta Federal Reserve President Raphael Bostic said that he anticipates slower progress on inflation in the coming months and, as a result, now sees the Fed cutting its benchmark rate only a quarter of a percentage point by this year-end. On data front, preliminary Manufacturing PMI from US was reported lower than expected, slightly below 50 mark, while Services PMI was reported better than expectations at 54.3 v/s 51.2 supporting Dollar index. Focus now shifts to US consumer confidence, inflation, GDP and durables goods orders data scheduled later this week.”
While 24-carat gold is a 100 percent pure form of gold with no trace of any other metal, the 22-carat variant has 91.67 percent pure gold along with some traces of alloyed metals like silver or copper.
Source: www.moneycontrol.com
