Safe-haven buying returned to the bullion market with a sharp rise in silver and gold futures amid supportive global cues and a soft US dollar.Price buying was also seen in gold futures, with the April contract rising by Rs 1,397, or 0.89 per cent, to Rs 1,58,200 per 10 grams. In the previous session, the yellow metal had fallen to close at Rs 1,56,803 per 10 grams.On the Multi Commodity Exchange (MCX), silver for March delivery rose by Rs 9,665, or 3.83 per cent, to Rs 2,62,213 per kg. In the previous session, the white metal had fallen by Rs 10,072, or about 4 per cent, to close at Rs 2,52,548 per kg.Today gold price in major Indian cities is as follows:
gold price today in delhi
In the national capital, 22K gold is selling at Rs 14,545 per gram, up by Rs 55, while 24K gold is selling at Rs 15,866 per gram, up by Rs 60. 18K gold is up by Rs 45 at Rs 11,904 per gram.
Gold price today in Mumbai
In Mumbai markets, 22K gold is up by Rs 55 at Rs 14,530 per gram, while 24K gold is up by Rs 60 at Rs 15,851 per gram. 18K gold is up by Rs 45 at Rs 11,889 per gram.
gold price today in chennai
In Chennai, 22K gold price rose by Rs 20 to Rs 14,600 per gram, while 24K gold price rose by Rs 22 to Rs 15,928 per gram. The price of 18K gold increased by Rs 10 to Rs 12,540 per gram.
Gold price today in Kolkata
The price of 22K gold in Kolkata is Rs 14,475 per gram, while the price of 24K gold is Rs 15,791 per gram. The price of 18K gold is Rs 11,844 per gram.
gold price today in ahmedabad
In Ahmedabad, 22K gold price rose by Rs 55 to Rs 14,535 per gram, while 24K gold price rose by Rs 60 to Rs 15,856 per gram. 18K gold price rose by Rs 45 to Rs 11,894 per gram.
gold price in hyderabad today
In Hyderabad markets, 22K gold price rose by Rs 55 to Rs 14,530 per gram, while 24K gold price rose by Rs 60 to Rs 15,851 per gram. 18K gold price rose by Rs 45 to Rs 11,889 per gram.
Gold price in Jaipur today
In Jaipur, 22 carat gold is being sold at Rs 14,545 per gram, up by Rs 55, while the price of 24 carat gold is up by Rs 60 at Rs 15,866 per gram. 18K gold is up by Rs 45 at Rs 11,904 per gram.
Gold price in Lucknow today
In Lucknow markets, 22K gold is up by Rs 55 at Rs 14,545 per gram, while 24K gold is up by Rs 60 at Rs 15,866 per gram. 18K gold is up by Rs 45 at Rs 11,904 per gram.
Gold price today in Patna
The price of 22K gold in Patna is Rs 14,480 per gram, while the price of 24K gold is Rs 15,796 per gram. The price of 18K gold is Rs 11,849 per gram.
Gold price today in Bengaluru
In Bengaluru market, the price of 22K gold is Rs 55 more i.e. Rs 14,530 per gram, while the price of 24K gold is Rs 60 more i.e. Rs 15,851 per gram. 18K gold rose by Rs 45 to Rs 11,889 per gram.Analysts said a weaker US dollar and renewed geopolitical tensions between the US and Iran strengthened bullion demand, increasing the appeal of the safe-haven asset.“On MCX, gold jumped nearly 1 per cent to above Rs 1.58 lakh per 10 gram, while silver outperformed the yellow metal, rising nearly 3 per cent to cross Rs 2.60 lakh per kg,” Gaurav Garg, Research Analyst, Lemon Markets Desk, was quoted as saying by PTI.He said investor sentiment had improved after soft US economic data raised expectations of a rate cut and signals of slowing economic growth.In the global market, silver futures for March delivery on Comex rose US$3.11, or 4 per cent, to US$83.50 an ounce, while gold for April delivery rose nearly 1 per cent to US$5,071.86 an ounce.“Gold and silver prices rose on the back of a decline in US Treasury bond yields after data showed retail sales growth stalled in December, indicating a softening in the economy ahead of key jobs data,” said Manav Modi, commodities analyst at Motilal Oswal Financial Services Ltd.The dollar index fell 0.23 per cent to 96.59, providing further support to bullion prices globally.
