Gold Rate Today, 5th April 2022: Yellow Metal Dips 1500. Check Latest Rates

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Gold Rate Today: Gold prices in India fell by Rs 1,500 per 100 gram across all major cities on Tuesday. Following the drop, gold price was down below Rs 50,000 mark per 10 gram of 22-carat bringing much joy for the common buyers in the country, as per data on the good returns website.

The gold rate in Delhi, Mumbai, Kerala, and Kolkata was Rs 47,800 per 10 grams for 22-carat gold. In Chennai, the yellow metal was trading at Rs 48,030. The gold rate in Pune and Vadodara was Rs 47, 850. Gold prices in India vary from state to state and city to city due to different taxes levied by the respective state governments, excise duty, and other duties.

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Check gold rates in your city (Credits: Good Returns) 

City	22-k gold (per 10 gm)	24-k gold (per 10 gm)
Bangalore	Rs 47,800	Rs 52,140
Hyderabad	Rs 47,800	Rs 52,140
Bhubaneswar	Rs 47,800	Rs 52,140
Jaipur	Rs 47,950	Rs 52,290
Lucknow	Rs 47,950	Rs 52,290
Ahmedabad	Rs 47,880	Rs 52,220
Nagpur	Rs 48,850	Rs 52,190
Madurai	Rs 48,030	Rs 52,400
Coimbatore	Rs 48,030	Rs 52,400

Bullion outlook for the day from Rahul Kalantri, VP Commodities, Mehta Equities Ltd.

On Monday, gold and silver were settled on a flat to positive note as the international markets it showed higher gain than domestic due to the rupee strengthening. Gold and silver strength in the dollar and gains in the global equity market but after a recovery in crude oil prices gold also recovered in the later evening sessions. Bullion prices were gained amid talks of more economic sanctions including oil and gas on Russia by the U.S. and European countries.

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Gold has support at $1917-1905, while resistance at $1938-1949. Silver has support at $24.20- 23.92, while resistance is at $24.65-25.00. In INR terms gold has support at Rs51,220–50,980, while resistance is at Rs51,880–52,085. Silver has support at Rs65,850- 65,280 while resistance is at Rs67,100–67510.