Gold Rate Today:Gold prices are once again keeping investors and jewellery buyers on their toes, with sharp movements seen across domestic and global markets. According to the Indian Bullion and Jewellers Association (IBJA), gold prices per 10 grams vary based on purity. The rate for 24-carat gold stands at Rs 156255, while 22-carat gold is available at Rs 1,43,130 and 18-carat gold at Rs 1,17,191 on Wednesday, February 11.
Earlier this year, on January 29, gold had touched a record high of Rs 1,80,779 per 10 grams. Meanwhile, data from GoodReturns showed 24-carat gold at Rs 1,58,060 per 10 grams, compared to its January 29 peak of Rs 1,79,010 per 10 grams.
In contrast to the physical market,goldfutures saw selling pressure. On the Multi Commodity Exchange (MCX), gold futures dropped to Rs 1,56,539 per 10 grams, compared to the previous close of Rs 1,58,066.
Globally, COMEX gold futures for April delivery fell by $24.19, or 0.48 per cent, to $5,055.21 per ounce, after closing at US$5,079.4 per ounce in the earlier session. Spot gold in international markets eased slightly to $5,052.43 per ounce.
According to news agency PTI, Jatin Trivedi, Vice President (Commodities and Currencies), Research and Analysis Department, LKP Securities, said that market participants are awaiting key US retail sales data, followed by unemployment and non-farm payrolls data later in the week. He said volatility is likely after these data are released, as they will shape expectations about the Federal Reserve's policy stance and influence bullion's short-term price direction.
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
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