Tag: GoldPricesToday

Gold and silver prices moved higher in domestic futures trading on February 18 as investors returned to bullion after the previous session’s fall.

On the Multi Commodity Exchange (MCX), gold contracts for April delivery climbed close to ₹1.53 lakh per 10 grams in early trade, gaining more than 1 per cent. Silver performed even better, rising over 2 per cent to trade above ₹2.35 lakh per kilogram. The rebound came after both metals had witnessed profit-booking and sharp corrections earlier.

In the international market, gold recovered from lower levels as investors continued to treat the metal as a safe-haven asset amid geopolitical tensions and uncertainty over the US Federal Reserve’s future rate decisions. Silver also bounced back in global trade, helping domestic prices strengthen.

Analysts said the current uptrend is being driven by bargain buying at lower levels and strong underlying demand. India’s ongoing wedding season has kept jewellery purchases steady, while recent data showing a sharp rise in gold and silver imports indicates robust consumption as well as investment interest.

However, market experts believe volatility will persist in the short term. Movements in the dollar index, global bond yields and fresh cues from international economic developments are likely to influence bullion prices. Any strengthening of the US currency could limit sharp gains.

Traders are therefore adopting a cautious strategy, preferring to buy on dips while booking profits at higher levels.

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Gold has declined about 16% to nearly ₹1.51 lakh per 10 grams from its recent highs, while silver has crashed around 38% from close to ₹3.8 lakh to about ₹2.34 lakh per kg. The correction, instead of triggering a rush to jewellery stores, has led to cautious sentiment as buyers expect prices to soften further before making purchases.

In the physical bullion market, gold in Delhi was quoted at around ₹1.57 lakh per 10 grams, down about 1.4%, while silver slipped over 2% to nearly ₹2.45 lakh per kg. Futures on the Multi Commodity Exchange (MCX) also mirrored the weak trend, reflecting subdued participation from both retail investors and traders.

Jewellers across major cities have reported low footfall despite the price drop. According to trade sources, customers are tracking the market closely but postponing purchases in the hope of a deeper correction. The sharp volatility seen after months of record-breaking rallies has made buyers cautious and more price-sensitive.

The fall in domestic prices follows weak global cues. A stronger US dollar, profit-booking after the earlier surge, easing geopolitical tensions and thin Asian market volumes have reduced the safe-haven demand for precious metals. These factors have collectively put pressure on bullion rates.

Analysts believe the current decline comes after an extraordinary rally through 2025 and early 2026, when both gold and silver scaled historic highs. The ongoing slide is being viewed as a phase of consolidation rather than a long-term reversal.

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Gold and silver prices declined on Tuesday, tracking weak global trends and a stronger US dollar. In the domestic futures market, gold was trading around ₹1.54–₹1.55 lakh per 10 grams on the Multi Commodity Exchange (MCX), while silver slipped to nearly ₹2.40–₹2.41 lakh per kilogram.

In the retail market, 24-carat gold was priced at about ₹15,600 per gram and 22-carat gold at around ₹14,300 per gram. Prices showed only small differences across major cities as local taxes and making charges vary.

The fall in bullion prices comes after recent gains, as traders booked profits and global trading remained muted due to holidays in some Asian markets. A strong US dollar also made gold and silver less attractive for investors, putting further pressure on prices.

Silver saw a sharper drop than gold, losing several thousand rupees per kilogram during the session. Gold and silver exchange-traded funds (ETFs) also declined in early trade, reflecting the weakness in the underlying metals.

In the international market, both metals moved lower, which affected domestic sentiment. Gold, which is considered a safe-haven asset, tends to weaken when the dollar strengthens and interest-rate concerns rise, as it does not offer regular returns like fixed-income investments.

Market experts said the current correction is mainly due to profit-booking and global factors rather than a fall in long-term demand. They advise investors not to rush into bulk buying during volatile phases and instead invest gradually to manage price fluctuations.

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Gold and silver prices fell sharply on Monday, with gold slipping below ₹1.55 lakh per 10 grams and silver dropping under ₹2.37 lakh per kg on the Multi Commodity Exchange (MCX), as traders booked profits after the recent rally and global cues turned weak.

The decline followed a cooling in bullish momentum after record highs earlier this month and was driven by a stronger US dollar, reduced expectations of immediate rate cuts and long unwinding in the futures market. Globally, bullion prices also eased, limiting fresh buying at higher levels.

In the physical market, 24-carat gold was quoted at around ₹1.56 lakh per 10 grams at the all-India level, while silver hovered near ₹2.46 lakh per kg.

Across major retail centres, gold prices moved in a narrow band with local variations. Delhi, Mumbai, Kolkata and Hyderabad reported 24-carat gold in the range of about ₹1.56 lakh to ₹1.57 lakh per 10 grams, while Chennai traded slightly higher, closer to the ₹1.57 lakh–₹1.58 lakh range. Silver prices were around ₹2.46 lakh per kg in Delhi, Mumbai and Kolkata, whereas Chennai and Hyderabad continued to quote higher rates of nearly ₹2.74 lakh per kg, reflecting regional demand and logistics costs.

Market participants said the fall was largely due to profit-booking after gold briefly approached the ₹1.80 lakh per 10-gram mark earlier this month. The softer US inflation data failed to trigger fresh upside as it lowered the urgency for aggressive monetary easing, supporting the dollar and weighing on non-yielding assets such as bullion.

Analysts view the current correction as technical in nature within a broader positive trend supported by central-bank buying, geopolitical uncertainties and long-term investment demand.

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Gold and silver prices in India recovered on Friday after a recent slump, driven by bargain hunting from investors. On the Multi Commodity Exchange (MCX), gold for April delivery rose about 1.3% to ₹1,54,800 per 10 grams, while silver for March delivery climbed around 2.2% to ₹2,41,800 per kilogram. Traders said the rebound reflects buying at lower levels after the sharp sell-offs earlier this week.

Despite the recovery, silver remains roughly 42% below its peak, highlighting the continuing volatility in the market. Analysts say the recent upswing is short-term, largely fueled by investors looking to seize value after prices dipped.

Global markets mirrored this trend. Spot gold rebounded nearly 1% to around $4,966 per ounce, while spot silver gained over 2%, recovering from earlier losses. However, strong US economic data, particularly employment figures, tempered hopes of imminent interest rate cuts, keeping precious metals under some pressure.

Market experts note that while prices are volatile, the long-term outlook for both gold and silver remains positive. Central bank buying and safe-haven demand continue to provide support. Additionally, inflows into gold and silver exchange-traded funds (ETFs) indicate steady investor interest.

For buyers, the current situation presents both opportunity and caution. Bargain hunting has fueled recent gains, yet overall prices are still far below previous highs, emphasizing the need for careful, measured investing in these metals.

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Gold and silver prices witnessed volatility in recent sessions after scaling record highs in the domestic market. Gold futures on the Multi Commodity Exchange (MCX) recently approached ₹2 lakh per 10 grams, while silver surged past ₹4 lakh per kilogram before witnessing profit-booking.

The pullback comes amid a firmer US dollar and shifting expectations around the US Federal Reserve’s rate trajectory. Stronger economic data from the US reduced immediate hopes of aggressive rate cuts, leading to some pressure on bullion prices. Market participants also trimmed positions after the sharp rally seen over the past few weeks.

Despite near-term fluctuations, analysts maintain a constructive outlook on precious metals. According to market experts, gold and silver could be entering a 3–5 year structural bull cycle supported by macroeconomic and sectoral fundamentals.

Central bank buying remains a key pillar for gold. Several global central banks continue to add to their gold reserves as part of diversification strategies, reinforcing long-term demand. Additionally, persistent geopolitical tensions and inflationary risks are sustaining gold’s appeal as a safe-haven asset.

Silver is benefiting from a dual demand dynamic. Alongside its role as a store of value, silver demand is being driven by industrial applications, particularly in renewable energy, electric vehicles, and electronics manufacturing. The expansion of clean energy infrastructure is expected to support medium- to long-term consumption trends.

Investment advisors recommend a disciplined approach. Rather than chasing elevated levels, investors are advised to accumulate on corrections. A strategic allocation of 5–10% of portfolio assets in precious metals is broadly considered prudent for diversification. Portfolios with disproportionately high exposure may warrant rebalancing.

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Gold prices in India witnessed a marginal rise on Wednesday, while silver prices edged lower. The price of 24-carat gold increased by ₹10, taking the rate of 10 grams to ₹1,58,790 in key markets such as Mumbai and Kolkata. In Delhi, gold was priced slightly higher at ₹1,58,940, while Chennai recorded ₹1,59,050 for the same quantity.

Similarly, 22-carat gold prices also moved up by ₹10. Ten grams of 22-carat gold were priced at ₹1,45,560 in cities including Mumbai, Kolkata, Bengaluru and Hyderabad. In Delhi, the rate stood at ₹1,45,710, while Chennai saw a slightly higher price of ₹1,45,790.

In contrast, silver prices softened during the session. The price of one kilogram of silver fell by ₹100 to ₹2,89,900 in Delhi, Mumbai and Kolkata. In Chennai, silver continued to trade at a premium, priced at ₹2,99,900 per kilogram.

Market participants attributed the mixed trend to cautious investor sentiment and global economic cues. Gold continues to attract steady demand as a traditional safe-haven asset, especially during periods of uncertainty. However, the gains remain limited due to fluctuating global factors and profit booking at higher levels.

Silver, which has both investment and industrial demand components, tends to experience sharper price movements. The slight dip reflects subdued buying interest in the domestic market.

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Gold and silver prices in the domestic market recorded marginal gains in early trade on Tuesday, tracking cautious global sentiment and steady investor demand. Twenty-four carat gold rose by ₹10 to trade at ₹1,57,920 per 10 grams, while silver gained ₹100 to settle at ₹3,00,100 per kilogram, according to latest commodity market data.

The slight uptick in prices comes at a time when global markets remain volatile, with investors closely monitoring upcoming economic data from the United States, including inflation and employment numbers. Movements in the US dollar and expectations around interest rate decisions have also influenced bullion prices.

Across major Indian cities, gold prices remained largely uniform. In Mumbai and Kolkata, 24-carat gold was priced at ₹1,57,920 per 10 grams, while Delhi saw prices slightly higher at around ₹1,58,070 per 10 grams. Chennai continued to quote gold at a premium, with prices touching ₹1,59,830 per 10 grams.

Prices of 22-carat gold, commonly used for jewellery, also moved up by ₹10. The yellow metal was trading at ₹1,44,760 per 10 grams in cities such as Mumbai, Kolkata, Bengaluru and Hyderabad. In Chennai, 22-carat gold was priced at ₹1,46,510 per 10 grams, while Delhi quoted the metal at ₹1,44,910.

Silver prices showed modest strength but remained range-bound. The white metal was trading at ₹3,00,100 per kg in key markets including Delhi, Mumbai, Kolkata and Chennai. Market participants noted that silver prices continue to witness volatility due to fluctuations in industrial demand and global commodity trends.

In the international market, precious metals were trading on a weaker note. Spot gold slipped to around $5,016 an ounce, easing from recent record highs, while spot silver also saw mild pressure.

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Gold prices in India remained firm above ₹1.50 lakh per 10 grams on Friday despite early selling pressure triggered by weak global cues. On the Multi Commodity Exchange (MCX), gold futures slipped marginally but held key support levels, supported by steady domestic demand.

Silver prices, which fell sharply in early trade, rebounded to around ₹2.35 lakh per kilogram as investors stepped in to buy at lower levels following the initial slump caused by profit-booking.

City-wise prices reflected the overall firmness in bullion markets. 24-carat gold traded above ₹1.54 lakh per 10 grams in major cities such as Delhi, Mumbai, Bengaluru and Kolkata, while Chennai quoted slightly higher rates. 22-carat gold hovered between ₹1.41 lakh and ₹1.43 lakh per 10 grams across key urban centres. Silver prices were largely steady across metros, trading in the range of ₹2.46–2.47 lakh per kilogram in cities including Mumbai, Delhi, Chennai and Bengaluru.

Market sentiment remained cautious as traders tracked global economic indicators, particularly upcoming US jobs data and interest-rate cues, which could influence precious metal prices in the near term.

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