Gold rate in India today slipped after rising continuously for six sessions, giving slight relief to buyers who were watching prices climb by 4.9% or Rs. 70,500 per 100g this week The pullback in gold rate today is mainly because of the mild profit-booking in bullion markets, while silver prices in India remained stable for the second consecutive day.
Gold prices today also saw a marginal correction across major cities, including Delhi, Mumbai, Chennai, Bengaluru, and Hyderabad.
Despite the dip in domestic gold prices, Spot gold gained some strength due to tariff & geopolitical tensions. Spot Gold is now hovering around $5183 per ounce as per Reuters.
Gold Rate in India Today
As of 26th February, gold rates in India for 22 carats, or standard gold fell slightly by Rs. 200 and currently cost Rs. 1,48,200 per 10 grams, whereas the 24-carat gold rate in India is currently at Rs. 1,61,680 per 10 grams after slipping by Rs. 210. Just like that, 18-carat gold rates also underwent a decline of Rs. 160 per 10 grams to retail at Rs. 1,21,260.
Similarly, the 100 grams of 24-carat gold are now costing Rs. 16,16,800, and the 22-carat gold per 100 grams is now at Rs. 14,82,000. The cheaper variant, 18-carat gold, is now at Rs. 12,12,600.
City-Wise Gold Rates: Latest 22-Carat & 24-Carat Prices Across India
Here’s a look at the latest gold prices for 22-carat and 24-carat gold in major Indian cities:
24-carat gold: Rs. 1,62,770 per 10 grams
22-carat gold: Rs. 1,49,200 per 10 grams
22-carat gold: Rs. 1,48,200 per 10 grams
24-carat gold: Rs. 1,61,680 per 10 grams
22-carat gold: Rs. 1,48,200 per 10 grams
24-carat gold: Rs. 1,61,680 per 10 grams
22-carat gold: Rs. 1,48,200 per 10 grams
24-carat gold: Rs. 1,61,680 per 10 grams
MCX Gold and Silver Prices
Gold futures prices on the MCX, which are going to mature on April 4, dropped slightly today and are trading at Rs. 1,60,750 per 10 grams with a decrease of 0.25%. Similarly, silver futures prices set to mature on March 5th, traded at Rs. 2,65,179 per Kg, which decreased a little by 1.17% as of 11:00 am. On February 26th.
“MCX Gold April is expected to move higher towards Rs. 162,000 as long as it trades above Rs. 158,000. MCX Silver March is expected to move higher towards Rs. 274,000 as long as it holds above Rs. 264,000.” As per the ICICI Direct Research report dated 26th Februray.
Spot Gold Price and Spot Silver Rate
According to Trading Economics, “Gold held firm above $5,180 per ounce on Thursday, extending gains from the previous session and hovering near an almost four-week high, as markets weighed geopolitical tensions and uncertainties surrounding US trade policies. The buildup of US troops in the Middle East kept investors on edge ahead of nuclear talks in Geneva, while Washington stepped up pressure on Iran by sanctioning entities involved in oil and weapons exports.On the monetary policy front, persistent inflation concerns pushed traders to delay expectations of the Federal Reserve’s next rate cut to September.”
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