Gold Rate Today: Gold prices have taken a breather after scaling record highs, with fresh data showing a noticeable dip in both domestic and global markets. According to the Indian Bullion and Jewellers Association (IBJA), gold was priced at Rs 1,51,865 per 10 grams for 24-carat gold on Wednesday morning. Meanwhile, 22-carat gold stood at Rs 1,39,108 per 10 grams, and 18-carat gold was trading at Rs 1,13,899 per 10 grams. These benchmark rates serve as a key reference point for investors and jewellery buyers monitoring daily movements in the bullion market.
On the derivatives front, the contract on the Multi Commodity Exchange (MCX) dropped to Rs 1,53,077 per 10 grams, up Rs 1,680 or 1.11 per cent from Tuesday. This comes after futures had touched an all-time peak of Rs 1,80,779 per 10 grams on January 29.
Globally, spot gold prices also weakened, falling to $4,938.70 per ounce. Data shared by GoodReturns shows 24-carat gold retailing at Rs 1,54,350 per 10 grams, down from its January 29 lifetime high of Rs 1,79,010.
City-Wise Gold Prices Today
City
24 Carats (10 grams)
22 Carats (10 grams)
18 Carats (10 grams)
Delhi
Rs 154340
Rs 141490
Rs 115790
Mumbai
Rs 154190
Rs 141340
Rs 115640
Kolkata
Rs 154190
Rs 141340
Rs 115640
Chennai
Rs 156210
Rs 143190
Rs 122490
Patna
Rs 154240
Rs 141390
Rs 115690
Lucknow
Rs 154340
Rs 141490
Rs 115790
Meerut
Rs 154340
Rs 141490
Rs 115790
Ayodhya
Rs 154340
Rs 141490
Rs 115790
Kanpur
Rs 154340
Rs 141490
Rs 115790
Ghaziabad
Rs 154340
Rs 141490
Rs 115790
Noida
Rs 154340
Rs 141490
Rs 115790
Gurugram
Rs 154340
Rs 141490
Rs 115790
Chandigarh
Rs 154340
Rs 141490
Rs 115790
Jaipur
Rs 154340
Rs 141490
Rs 115790
Ludhiana
Rs 154340
Rs 141490
Rs 115790
Guwahati
Rs 154190
Rs 141340
Rs 115640
Indore
Rs 154240
Rs 141390
Rs 115690
Pune
Rs 154190
Rs 141340
Rs 115640
Nagpur
Rs 154190
Rs 141340
Rs 115640
Nashik
Rs 154220
Rs 141370
Rs 115670
Bangalore
Rs 154190
Rs 141340
Rs 115640
Ahmedabad
Rs 154240
Rs 141390
Rs 115690
Vadodara
Rs 154240
Rs 141390
Rs 115690
Appearance
Rs 154240
Rs 141390
Rs 115690
Bhubaneswar
Rs 154190
Rs 141340
Rs 115640
Cuttack
Rs 154190
Rs 141340
Rs 115640
Kerala
Rs 154190
Rs 141340
Rs 115640
Raipur
Rs 154190
Rs 141340
Rs 115640
Hyderabad
Rs 154190
Rs 141340
Rs 115640
How Did Gold Perform in the Previous Session?
In Delhi’s bullion market on Tuesday, precious metal prices corrected by up to two per cent amid weak global signals and subdued demand. The All India Sarafa Association reported that 24-carat gold declined by Rs 2,200, or 1.4 per cent, to Rs 1,57,000 per 10 grams, compared with Rs 1,59,200 in the earlier session.
In overseas markets, spot gold eased 1.04 per cent to $4,938.70 per ounce.
What Happened In Gold Futures Trade?
Gold futures also mirrored the downward trend. On Tuesday, prices fell 1.44 per cent to Rs 1,52,532 per 10 grams. The April delivery contract on MCX dropped by Rs 2,228, with 7,553 lots traded. Internationally, Comex gold for April delivery slid by $119.6, or 2.37 per cent, to $4,926.7 per ounce.
What Are Experts Saying?
According to news agency PTI, Praveen Singh, Head (Commodities & Currencies) at Mirae Asset Sharekhan, said that spot gold continued to decline for the second consecutive day as investors adopted a cautious stance ahead of the US-Iran talks starting in Geneva on Tuesday. Market participants are now focused on key geopolitical developments, including the US ADP employment report and US-led talks between Russia and Ukraine. He said that the outcome of these will have a significant impact on risk perception and demand for safe-haven assets.
