Gold prices drop by ₹630 ahead of Akshaya Tritiya. Check latest rates today

Gold prices dropped across India on Tuesday. The price of 24 carat gold is ₹97,693 per 10 gms, whereas 22 carat gold is ₹89,563. In Delhi, 10 grams of 22 carat gold cost ₹89,563, while 24 carat gold was priced at ₹97,693/10 gms. In Mumbai, India's financial center, 24 carat gold costs ₹97,547 per 10 grams, whereas 22 carat gold costs ₹89,417.

In Chennai, 24 carat and 22 carat gold were priced at ₹97,541/10 gms and ₹89,411/10 gms, respectively. Gold is seen as a desirable investment option. 24 carat gold is the purest version of the metal, having a purity of 99.99%. In contrast, 22k gold is made out of 22 parts gold and two additional metals, such as copper and zinc. It's used to make jewelry.

On Tuesday, gold prices fell as trade tensions between the United States and its trading partners eased, reducing the metal's appeal as a safe haven, as investors awaited US economic data to assess the Federal Reserve's policy course. Spot gold was down 0.8% at $3,314.65 per ounce as of 0619 GMT. US gold futures fell 0.7% to $3,324.20.