New Delhi: The price of gold in India decreased slightly on the auspicious day of Raksha Bandhan. For instance, the price of 10 grams of 22-carat gold decreased by Rs 600 to Rs 47,950. On the other hand, the price of 10 grams of 24-carat gold dropped by Rs 660 to Rs 51,650. However, if you’re planning to buy gold today (August 11), do note that the above-mentioned prices are excluding GST, TCS, and other levies. 


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Here are the indicative price of 22 Carat Gold Today, 09 August 2022, in major Indian cities (except GST, TCS, and other levies): 


Chennai : Rs 48,930


Mumbai : Rs 47,350


Delhi : Rs 47,550


Kolkata : Rs 47,350


Bangalore : Rs 47,400


Hyderabad : Rs 47,350


Kerala : Rs 47,350


Ahmedabad : Rs 47,400


Jaipur : Rs 47,550


Lucknow : Rs 47,550


Patna : Rs 47,380


Chandigarh : Rs 47,550


Bhubaneswar : Rs 47,350


Meanwhile, on Thursday, gold prices declined as the dollar and Treasury rates recovered following remarks from Federal Reserve officials that suggested aggressive interest rate increases despite indications of sluggish US inflation, according to a report by Reuters. (ALSO READ: Big jolt to borrowers! Bank of Baroda hikes lending rates, check details) 


 


As of 01:23 GMT, spot gold was down 0.2% at $1,788.07 per ounce after reaching its highest level since July 5 on Wednesday at $1,807.79. Also, US gold futures dipped 0.5% to $1,805.10. (ALSO READ: APY: Big change in Atal Pension Yojana for taxpayers! Here’s how new rule will impact savings) 


 


"Gold initially had a knee-jerk reaction after tamer inflation data as investors expected a less aggressive Fed. But, then they realised the data is tamer not tame," said Jim Wyckoff, senior analyst at Kitco Metals was quoted as saying in a report by Reuters.