Gold Prices Fall Post Fed Rate Cut Across Indian Cities
Gold prices in India have fallen following a Fed rate cut. The current rates are Rs 12,049 per gram for 24K gold and Rs 11,045 for 22K gold in cities like Mumbai and Bengaluru. Gold remains a safe-haven asset during economic uncertainty.
Gold prices in India have experienced a decline after the US Federal Reserve cut interest rates. This drop is observed across major cities, with 24-karat gold priced at Rs 12,049 per gram and 22-karat gold at Rs 11,045 per gram in cities like Mumbai, Bengaluru, and Kolkata. India's reliance on gold imports and the impact of the rupee's exchange rate contribute to these fluctuations. Despite the recent decrease, gold continues to be a preferred asset for financial security during times of economic uncertainty and market volatility.
