Gold prices climbed strongly on Monday after last week’s pullback, with futures gaining momentum amid fresh geopolitical concerns surrounding South American oil producing nation, Venezuela, and growing focus on upcoming US macroeconomic indicators.
In the domestic market, February gold futures on the Multi Commodity Exchange (MCX) rose by Rs 1,509, or 1.11%, to Rs 1,37,270 per 10 grams. Trading activity remained active, with a turnover of 15,226 lots recorded during the session.
The rise marks a recovery after a weak previous week, when the yellow metal slipped by Rs 4,112, or 2.94%, following record highs seen in late December.
Global markets also reflected the improved sentiment. Comex gold futures for February delivery gained $86.4, or 2%, to $4,416 per ounce. This followed a decline of $223.1, or 4.9%, during the holiday-shortened week, when prices ended Friday at $4,329.6 per ounce.
Here's how much gold costs in your city today, per 10 grams:Gold price in Ahmedabad today
The price of 24-carat gold in Ahmedabad is Rs 12,600, while 22-carat gold is tagged Rs 13,745.
Gold price in Bangalore today
In Bangalore, 24-carat gold is priced at Rs 12,595, and 22-carat gold costs Rs 13,740
Gold price in Bhubaneswar today
Bhubaneswar sees 24-carat gold at Rs 12,595, with 22-carat gold standing at Rs 13,740.
Gold price in Chennai today
Chennai’s 24-carat gold is Rs 12,680 per and 22-carat gold is priced Rs 13,833.
Gold price in Delhi today
In Delhi, 24-carat gold costs Rs 12,610, while 22-carat gold is Rs 13,755.
Gold price in Hyderabad today
Hyderabad has 24-carat gold at Rs 12,595 and 22-carat gold at Rs 13,740.
Gold price in Jaipur today
Jaipur sees 24-carat gold priced at Rs 12,610, with 22-carat gold at Rs 13,755.
Gold price in Kanpur today
In Kanpur, 24-carat gold is standing at Rs 12,610, and 22-carat gold costs Rs 13,755.
Gold price in Kolkata today
Kolkata’s 24-carat gold costs Rs 12,595, and 22-carat gold is Rs 13,740.
Gold price in Mumbai today
Mumbai sees 24-carat gold at Rs 12,595, with 22-carat gold priced at Rs 13,740.
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Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
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