Gold, Silver Rate Today: 24K, 22K & 18K Prices Across Major Cities
Gold prices are once again on the rise, showing strong momentum both in domestic and international markets. In India today, 24K gold is trading at ₹15,961 per gram, 22K at ₹14,631 per gram, and 18K at ₹11,971 per gram, according to Goodreturns. Investors are keeping a close eye on these rates as gold continues to be a safe haven amid market fluctuations.
Gold futures on the Multi Commodity Exchange (MCX) continued to show strength, climbing to ₹1,58,650 per 10 grams. Earlier this year, on January 29, bullion had touched a record high of ₹1,80,779 per 10 grams, underscoring sustained investor interest. On the global front, spot gold surged to $5,078.72 per ounce, signaling robust demand in overseas markets and highlighting the metal’s appeal as a safe-haven asset amid ongoing market volatility.
Silver, however, opened slightly lower for March contracts. Prices dropped ₹1,657 (0.63%) to ₹2,61,361 per kg against the previous close of ₹2,63,018 per kg. The white metal even hit an intraday low of ₹2,60,453, and MCX silver was trading lower at ₹2,61,068 per kg, reflecting mild pressure on the market.
What Analysts Say
Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, explained that spot gold prices rose due to a weakening US dollar. Investors are awaiting the release of the US non-farm payrolls data for January, which could bring increased volatility in precious metals globally. Strong global cues, combined with healthy domestic demand, have kept gold firmly in focus for both traders and long-term investors.
With market sentiment remaining positive and international demand strong, gold continues to offer stability and security, making it a preferred investment choice amid ongoing financial uncertainties.
Gold futures on the Multi Commodity Exchange (MCX) continued to show strength, climbing to ₹1,58,650 per 10 grams. Earlier this year, on January 29, bullion had touched a record high of ₹1,80,779 per 10 grams, underscoring sustained investor interest. On the global front, spot gold surged to $5,078.72 per ounce, signaling robust demand in overseas markets and highlighting the metal’s appeal as a safe-haven asset amid ongoing market volatility.
Silver, however, opened slightly lower for March contracts. Prices dropped ₹1,657 (0.63%) to ₹2,61,361 per kg against the previous close of ₹2,63,018 per kg. The white metal even hit an intraday low of ₹2,60,453, and MCX silver was trading lower at ₹2,61,068 per kg, reflecting mild pressure on the market.
What Analysts Say
Praveen Singh, Head of Commodities at Mirae Asset Sharekhan, explained that spot gold prices rose due to a weakening US dollar. Investors are awaiting the release of the US non-farm payrolls data for January, which could bring increased volatility in precious metals globally. Strong global cues, combined with healthy domestic demand, have kept gold firmly in focus for both traders and long-term investors.With market sentiment remaining positive and international demand strong, gold continues to offer stability and security, making it a preferred investment choice amid ongoing financial uncertainties.
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