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Todays Gold Rate in Mysore, 22 & 24 Carat Gold PR
Todays Gold Rate in Mysore, 22 & 24 Carat Gold PR
-1%
GOLD Mysore
22 ct gold
* The above gold rates are indicative and do not include GST,
TCS and other levies. For the exact rates contact your local
jeweller.
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In the global scenario, spot gold was seen at $1,970 per ounce and
U.S. gold futures at $1,985 per ounce.
29 March 2023
In the global platform, spot gold was recorded at $1,843 per ounce
and U.S. gold futures at $1,852 per ounce.
Few Fed members noted the need to go for higher interest rate
hikes for a long time to bring down the inflation rates to 2%.
21 February 2023
The metal at one point traded at the $1,800 level is now seen at the
$1,700 level and in the short term it could bounce back to earlier
resistance levels of $1,800 per ounce.
The metal has gained over $160 since hitting a one-month low
earlier this month.
15 November 2022
The metal has fallen by around Rs 2000 in the past three months
following an interest rate hike by RBI and other central banks
across the world. Soaring inflation rates have forced most central
banks to take an aggressive stance on raising interest rates.
Usually, rising interest rates will diminish the appeal of the safe-
haven asset. Gold, the ornamental metal, will bring no interest rate
to investors.
Apart from this, growing fears of recession and slow growth in the
economy have also forced investors to refrain from investing in
any form of investment. Investors prefer to keep their funds in a
liquid position for the time being.
1 October 2022
On the global platform, spot gold was valued at $1,750 per ounce
and US gold futures at $1,758 per ounce.
Gold and the dollar share an inverse relationship, the falling dollar
will strengthen the value of the metal to rise and vice versa.
24 August 2022
Gold and the dollar share an inverse relationship, the rising dollar
will lessen the attractiveness of the yellow metal and vice versa.
Soaring inflation rates have forced many central banks around the
world to take an aggressive stance on interest rates. The US Fed
raised interest rates in June by 75 basis points, their highest level
since 1991. Even the European Central Bank (ECB) also
announced a larger than expected interest rate hike on Thursday.
22 July 2022
Gold prices have fallen in Mysore amid a surge in the value of the
dollar and an impending rate hike by the Fed is weighing on the
precious metal to tumble its value in gold markets.
Gold and the dollar share an inverse relationship, the march in the
value of the dollar has led to the drastic fall in the value of the
ornamental metal.
Dizzying inflation rates around the world have shaken the appeal
of the yellow metal as a safe haven, weighing on the sharp drop in
its prices.
15 July 2022
In the Indian market, the precious metal rates in Mysore were seen
at Rs.46,850 for 10 grams of 22 carats and Rs 51,100 for 10 grams
of 24 carats.
The spot gold has seen at $1,738.08 per ounce and U.S gold
futures have risen 0.3% to $1,737.10 an ounce.
12 July 2022
Gold price in line with international trend softened by Rs. 100 per
10g. 24K gold in the nation's capital in the fall is priced at Rs.
52,100 per 10g, while 22K is quoted for Rs. 47,750 per 10g.
Spot gold in the international market is down a bit but still held
above $1850 an ounce. The day before, due to a lack of indices
and a weaker dollar, gold was seen gaining and trading limited.
Gold was seen losing on bond yield strength and a stronger dollar
which, to some extent, took away the shine from the precious
yellow metal.
On the MCX, gold prices rose above Rs. 51,000 on the weakening
of the Rupee which is bearing the brunt of rising oil prices.
31 May 2022
The price of 22 karat gold per gram is quoted at Rs. 4765 today,
yesterday it was Rs. 4775. So, 100 grams of 22 karat gold today is
quoted at Rs. 476500.
For 24 karat gold the rate is Rs. 5198 yesterday it was Rs. 5210.
Today the price of 100 grams of 24 karat gold is quoted at Rs.
519800.
The main reason gold rates are falling slightly now is that the US
yield curve has inverted sharply. Consequently, investors became
more interested in government bonds and the precious metal fell
below the $1920/oz level in the futures markets. Additionally,
commodity markets have also absorbed the fact that Russia may
scale back its attacks on Ukraine. However, US recession risks
may be another concern now.
30 March 2022
Disclaimer: The gold rates are sourced from local jewellers in the
city. There maybe variance in rates and prices. GoodReturns.in
has made every effort to ensure accuracy of information provided;
however, Greynium Information Technologies Pvt Ltd, its
subsidiaries and associates do not guarantee such accuracy. The
rates are for informational purposes only. It is not a solicitation to
buy, sell in precious gold. Greynium Information Technologies
Pvt Ltd, its subsidiaries, associates do not accept culpability for
losses and/or damages arising based on gold information
provided.
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