Gold prices remained steady, with domestic and international markets reflecting continued strength. According to the data from Goodreturns, in India on Sunday, gold is priced at Rs 15,928 per gram for 24-carat gold, Rs 4,600 per gram for 22-carat gold, and Rs 11,946 per gram for 18-carat gold.
On the derivatives side, gold futures on the Multi Commodity Exchange (MCX) climbed to Rs 1,56,993 per 10 grams after ending the previous session at Rs 1,56,876. Earlier this year, the precious metal had scaled a lifetime high of Rs 1,80,779 per 10 grams in the futures segment on January 29.
The Indian Bullion and Jewellers Association (IBJA) reported a closing gold rate of Rs 1,55,066 per 10 grams on Friday. As domestic bullion markets remain closed over the weekend, these IBJA rates will continue to apply on Saturday and Sunday. According to IBJA’s carat-wise benchmarks, gold prices per 10 grams stand at Rs 1,55,066 for 24 carat, Rs 1,42,040 for 22 carat, and Rs 1,16,300 for 18 carat. These rates serve as key reference points for jewellers and traders across India.
On Friday, gold in Delhi gained Rs 850 to reach Rs 1,59,500 per 10 grams, while silver remained steady at Rs 2.64 lakh per kg. The previous close for 24-carat gold was Rs 1,58,650 per 10 grams. Globally, spot gold rose by $30.83, or 0.62 per cent, to $5,027.13 per ounce.
In futures trading, the April contract on MCX increased by Rs 1,315, or 0.85 percent, to Rs 1,56,134 per 10 grams, with 7,355 lots traded. On Comex, April gold futures advanced $49.55, or one percent, to $5,046.95 per ounce.
According to news agency PTI, Gaurav Garg, research expert at Lemon Markets Desk, said that after sharp volatility earlier this month, buyers are stepping in to buy on dips. He added that global cues, including geopolitical tensions and expectations regarding US interest rates, are influencing near-term sentiment.
Harish V, Head of Research (Commodities), Geojit Investments Ltd, said that gold has moved above $5,000 as safe-haven demand strengthened amid rising US-Iran tensions.
She is working as a Chief Copy Editor at Times Now’s Business Desk, where she covers key developments in the stock market, Indian corporates across se...View More
Source: India Latest News, Breaking News Today, Top News Headlines | Times Now
