With the price of gold soaring, jewelers are collecting every speck of the precious metal, even the particles so fine they are like powder.

Gold price nears breakout at $3403.63 as softer inflation data and Fed rate cut bets boost bullish sentiment in the gold market.

Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on June 12:

Gold companies are currently producing gold at an average all-in sustaining cost (AISC) of approximately $1,600 per ounce.

Gold climbs past $3,375 as soft CPI and dovish Fed bets fuel bullish momentum; silver holds above trendline with eyes on $37.33.

Commissions do not affect our editors' opinions or evaluations. The price of gold today, as of 9:12 am ET, was $3,337.52 per ounce. That’s up 0.30% from yesterday’s gold price of $3,327.60.

Gold prices in India approached the Rs 1 lakh mark on Thursday as investors seek refuge in the yellow metal amid rising geopolitical tensions in the Middle East and expectations of a US Federal Reserve rate cut.

With gold's price poised to break yet another record high, prospective investors should be asking these questions now.

K was trading at Dh406 per gram, rising nearly Dh5 per gram since last night’s close. Similarly, 22K, 21K and 18K jumped to Dh376, Dh360.5 and Dh309 per gram, respectively.