In a major relief for gold buyers, prices of the yellow metal saw a significant dip on Thursday, April 9. Across major Indian cities, gold rates have dropped by over ₹2,100 to ₹2,300 per 10 grams, making it a lucrative day for jewelry shoppers and investors alike.
City-Wise Gold Rates (Per 10 Grams):
- Kolkata & Mumbai: 22K gold is priced at ₹1,38,850, while 24K gold stands at ₹1,51,480 (down by ₹2,340).
- Delhi: The price for 22K gold is ₹1,39,000 and 24K gold is retailing at ₹1,51,630.
- Chennai: Witnessed a sharp drop as well, with 22K gold at ₹1,40,000 and 24K at ₹1,52,730.
This sudden plunge comes after a week of soaring prices. Market analysts attribute this correction to global economic shifts and a decrease in international bullion demand. For those planning wedding purchases, this Thursday dip has brought a long-awaited "golden opportunity."