Gold and silver futures powered to fresh lifetime highs on Friday as investors doubled down on safe-haven assets, tracking record international prices amid a weaker US dollar and rising expectations of interest rate cuts by the Federal Reserve.On the Multi Commodity Exchange (MCX), gold for February delivery jumped Rs 2,885, or 1.84 per cent, to hit a new record of Rs 1,59,226 per 10 grams, extending its rally for the fifth straight session. The yellow metal had settled at Rs 1,56,341 per 10 grams on Thursday.“Gold’s surge to record highs on the MCX reflects a powerful convergence of global risk factors and macroeconomic tailwinds,” Rahul Gupta, Chief Business Officer at Ashika Group, said, pointing to heightened geopolitical tensions and persistent geoeconomic uncertainty that have revived safe-haven demand.He added that a weakening US dollar has further lifted bullion sentiment, while markets are increasingly pricing in the likelihood of rate cuts by the US Federal Reserve, reducing the opportunity cost of holding non-yielding assets such as gold. The dollar index was trading 0.05 per cent lower at 98.31.In overseas markets, bullion prices also touched historic levels, with Comex gold for February delivery rising $56.6, or 1.15 per cent, to a record $4,970 per ounce, after breaching the $4,900 mark in the previous session. “Gold and silver surged to fresh all-time highs, marking their strongest weekly performance since March 2020, supported by lingering geopolitical risks and sustained safe-haven demand,” Renisha Chainani, Head of Research at Augmont, said.Here’s how gold is priced across major Indian cities today:
Gold price in Delhi today
In Delhi, 22K gold is priced at Rs 14,420 per gram, up Rs 260, while 24K gold stands at Rs 15,730 per gram, higher by Rs 284.
Gold price in Mumbai today
In Mumbai, 22K gold is available at Rs 14,405 per gram, up Rs 260, while 24K gold is priced at Rs 15,715 per gram, higher by Rs 284.
Gold price in Chennai today
In Chennai, 22K gold costs Rs 14,650 per gram, up Rs 450, while 24K gold is priced at Rs 15,982 per gram, higher by Rs 491.
Gold price in Kolkata today
In Kolkata, 22K gold is priced at Rs 14,405 per gram, up Rs 260, while 24K gold costs Rs 15,715 per gram, higher by Rs 284.
Gold price in Hyderabad today
In Hyderabad, 22K gold is selling at Rs 14,405 per gram, up Rs 260, while 24K gold is priced at Rs 15,715 per gram, higher by Rs 284.
Gold price in Ahmedabad today
In Ahmedabad, 22K gold is priced at Rs 14,410 per gram, up Rs 260, while 24K gold costs Rs 15,720 per gram, higher by Rs 284.
Gold price in Bangalore today
In Bangalore, 22K gold is available at Rs 14,405 per gram, up Rs 260, while 24K gold is priced at Rs 15,715 per gram, higher by Rs 284.
Gold price in Patna today
In Patna, 22K gold is priced at Rs 14,410 per gram, up Rs 260, while 24K gold stands at Rs 15,720 per gram, higher by Rs 284.
Gold price in Bhubaneswar today
In Bhubaneswar, 22K gold is selling at Rs 14,405 per gram, up Rs 260, while 24K gold is priced at Rs 15,715 per gram, higher by Rs 284.
Gold price in Lucknow today
In Lucknow, 22K gold costs Rs 14,420 per gram, up Rs 260, while 24K gold is priced at Rs 15,730 per gram, higher by Rs 284.
Gold price in Jaipur today
In Jaipur, 22K gold is priced at Rs 14,420 per gram, up Rs 260, while 24K gold stands at Rs 15,730 per gram, higher by Rs 284.
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