Gold prices slipped on Monday, weighed down by rising geopolitical tensions after the collapse of US-Iran talks, which lifted oil prices, stoked inflation concerns and dampened expectations of US Federal Reserve rate cuts.In the domestic futures market, gold contracts traded lower, reflecting cautious sentiment among investors tracking global cues and macroeconomic risks.Data from the Multi Commodity Exchange (MCX) showed that the June contract fell Rs 943, or 0.62 per cent, to Rs 1,51,709 per 10 grams. The August contract declined Rs 911, or 0.59 per cent, to Rs 1,54,285 per 10 grams.The weakness in bullion prices comes amid a rise in crude oil prices following heightened tensions in West Asia, which has raised concerns about persistent inflation and reduced the likelihood of near-term monetary easing by the US Federal Reserve.Here is how gold prices stand across major cities today:
Gold prices in Delhi declined, with 24K gold at Rs 15,261 per gram, down Rs 38, while 22K gold fell Rs 35 to Rs 13,990 per gram.
In Mumbai, gold prices were steady, with 24K gold at Rs 15,246 per gram and 22K gold at Rs 13,975 per gram.
Chennai recorded a decline, with 24K gold at Rs 15,338 per gram, down Rs 44, and 22K gold at Rs 14,060 per gram, down Rs 40.
Gold prices in Kolkata edged lower, with 24K gold at Rs 15,246 per gram, down Rs 38, and 22K gold at Rs 13,975 per gram, down Rs 35.
In Hyderabad, gold prices were unchanged, with 24K gold at Rs 15,246 per gram and 22K gold at Rs 13,975 per gram.
Ahmedabad saw no change, with 24K gold at Rs 15,289 per gram and 22K gold at Rs 14,015 per gram.
Gold prices in Bengaluru declined, with 24K gold at Rs 15,246 per gram, down Rs 38, and 22K gold at Rs 13,975 per gram, down Rs 35.
In Jaipur, gold prices fell, with 24K gold at Rs 15,261 per gram, down Rs 38, while 22K gold declined Rs 35 to Rs 13,990 per gram.
Gold prices in Lucknow were steady, with 24K gold at Rs 15,299 per gram and 22K gold at Rs 14,025 per gram.
In Chandigarh, gold prices edged lower, with 24K gold at Rs 15,261 per gram, down Rs 38, and 22K gold at Rs 13,990 per gram, down Rs 35.