Safe-haven buying returned to the bullion market as silver and gold futures rebounded sharply, tracking supportive global cues and a softer US dollar.Gold futures also saw value buying, with the April contract rising Rs 1,397, or 0.89 per cent, to Rs 1,58,200 per 10 grams. In the previous session, the yellow metal had settled lower at Rs 1,56,803 per 10 grams.On the Multi Commodity Exchange (MCX), silver for March delivery surged Rs 9,665, or 3.83 per cent, to Rs 2,62,213 per kg. The white metal had dropped Rs 10,072, or nearly 4 per cent, to settle at Rs 2,52,548 per kg in the previous session.Here is how much gold costs in major Indian cities today:
Gold price in Delhi today
In the national capital, 22K gold is selling at Rs 14,545 per gram, up Rs 55, while 24K gold is quoted at Rs 15,866 per gram, higher by Rs 60. 18K gold stands at Rs 11,904 per gram, up Rs 45.
Gold price in Mumbai today
Mumbai markets show 22K gold at Rs 14,530 per gram, higher by Rs 55, while 24K gold is at Rs 15,851 per gram, up Rs 60. 18K gold is at Rs 11,889 per gram, gaining Rs 45.
Gold price in Chennai today
In Chennai, 22K gold is priced at Rs 14,600 per gram, up Rs 20, while 24K gold is at Rs 15,928 per gram, higher by Rs 22. 18K gold is quoted at Rs 12,540 per gram, up Rs 10.
Gold price in Kolkata today
Kolkata sees 22K gold at Rs 14,475 per gram, while 24K gold is priced at Rs 15,791 per gram. 18K gold is quoted at Rs 11,844 per gram.
Gold price in Ahmedabad today
In Ahmedabad, 22K gold trades at Rs 14,535 per gram, up Rs 55, while 24K gold is at Rs 15,856 per gram, higher by Rs 60. 18K gold is priced at Rs 11,894 per gram, up Rs 45.
Gold price in Hyderabad today
Hyderabad markets quote 22K gold at Rs 14,530 per gram, up Rs 55, while 24K gold is at Rs 15,851 per gram, higher by Rs 60. 18K gold is priced at Rs 11,889 per gram, up Rs 45.
Gold price in Jaipur today
In Jaipur, 22K gold is retailing at Rs 14,545 per gram, up Rs 55, while 24K gold is priced at Rs 15,866 per gram, higher by Rs 60. 18K gold stands at Rs 11,904 per gram, up Rs 45.
Gold price in Lucknow today
Lucknow markets have 22K gold at Rs 14,545 per gram, higher by Rs 55, while 24K gold is at Rs 15,866 per gram, up Rs 60. 18K gold is quoted at Rs 11,904 per gram, up Rs 45.
Gold price in Patna today
In Patna, 22K gold is priced at Rs 14,480 per gram, while 24K gold is at Rs 15,796 per gram. 18K gold is quoted at Rs 11,849 per gram.
Gold price in Bangalore today
Bangalore markets show 22K gold at Rs 14,530 per gram, up Rs 55, while 24K gold is priced at Rs 15,851 per gram, higher by Rs 60. 18K gold is quoted at Rs 11,889 per gram, up Rs 45.Analysts said bullion demand strengthened due to a weak US dollar and renewed geopolitical tensions between the US and Iran, boosting safe-haven appeal.“MCX gold rose nearly 1 per cent, reclaiming levels above Rs 1.58 lakh per 10 grams, while silver outperformed the yellow metal with around a 3 per cent gain, crossing Rs 2.60 lakh per kg,” Gaurav Garg, Research Analyst at Lemonn Markets Desk, said, PTI quoted.He added that investor sentiment improved after softer US economic data increased expectations of rate cuts and pointed to slowing economic momentum.In the global market, Comex silver futures for March delivery rose USD 3.11, or 4 per cent, to USD 83.50 per ounce, while gold for April delivery climbed nearly 1 per cent to USD 5,071.86 per ounce.“Gold and silver prices rose as US Treasury bond yields fell after data showed December retail sales growth stalled, signalling a softening economy ahead of key jobs data,” Manav Modi, Analyst, Commodities at Motilal Oswal Financial Services Ltd, said.The dollar index declined 0.23 per cent to 96.59, offering further support to bullion prices globally.
