Gold Rate Today:Gold prices are once again on the move, keeping traders and jewellery buyers on edge. While domestic bullion markets saw a dip, futures trading showed mild strength, reflecting mixed cues from global and local factors. According to the Indian Bullion and Jewellers Association (IBJA), gold prices settled at Rs 1,52,765 per 10 grams by Friday evening. Based on the latest IBJA update, 24 carat gold is priced at Rs 1,52,765 per 10 grams, while 22 carat gold stands at Rs 1,33,933 per 10 grams and 18 carat gold is available at Rs 1,14,574 per 10 grams on Saturday, February 14.
Earlier this year, on January 29, gold had surged to a record Rs 1,80,779 per 10 grams. In overseas trade, spot gold climbed to $4,968.40 per ounce, highlighting sustained global interest.
What Happened In The Previous Session?
On Friday, bullion prices in the national capital declined amid weak demand. Gold ended at Rs 1.58 lakh per 10 grams. The 24-carat variant dropped Rs 2,400 or 1.5 per cent from Rs 1,60,900 per 10 grams in the prior session to Rs 1,58,500.
In futures trade, however, April contracts advanced Rs 1,044 to Rs 1,53,880 per 10 grams on the MCX, with 1,538 lots exchanged. Internationally, gold futures in New York gained 0.81 per cent to $4,962 per ounce.
Saumil Gandhi of HDFC Securities noted that bullion prices weakened sharply amid a wider stock market sell-off and investor caution ahead of key US inflation data.
"Gold has reached $4,990 per ounce," said Kaynat Chainwala of Kotak Securities. She pointed out that attention remains fixed on upcoming US Consumer Price Index figures, while easing geopolitical tensions between the US-Iran and Russia-Ukraine have reduced safe-haven demand.
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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