Following recent volatility in global commodity trading, gold and silver prices began to drop on key Indian markets on Friday, February 6. Both metals saw weaker trends in major cities, including Delhi, Kolkata, and Mumbai as investors’ expectations for rate cuts were outweighed, leading to pressure from liquidation.
Gold & Silver Rates In Delhi Today
In Delhi, a gram of 24 carat gold costs Rs 15,250, a gram of 22 carat gold costs Rs 13,980, and a gram of 18 carat gold costs Rs 11,441. The price of 24k of 10 grams of gold in Delhi today was Rs 1,52,500, down Rs 2,070 from yesterday’s price of Rs 1,54,570. Meanwhile, the price of 24k of 100 grams of gold in Delhi on Friday was Rs 15,25,000, down Rs 15,45,700 from yesterday, down Rs 20,700.
In Delhi, the price of 22k of 100 grams of gold dropped by Rs 19,000 overnight to Rs 13,98,000 today from Rs 14,17,000 yesterday. In Delhi, the price of 22k of 10 grams of gold dropped by Rs 1,900 to Rs 1,39,800 today from Rs 1,41,700 on Thursday.
Delhi’s gold prices today were Rs 1,14,410 for 18k of 10 grams, down Rs 1,560 from yesterday’s price of Rs 1,15,970; similarly, the price of 18k of 100 gms of gold was Rs 11,44,100, down Rs 11,59,700 from yesterday, down Rs 15,600.
The price of silver in Delhi today is Rs 275 per gram and Rs 2,75,000 per kilogram which was Rs 300 and Rs 3,00,000 yesterday.
Gold & Silver Rates In Kolkata Today
- Today 24 Carat Gold Rate Per 10 Gram in Kolkata in Rs: 1,52,350, (yesterday: Rs 1,54,420), Change: Rs -2,070
- Today 24 Carat Gold Rate Per 100 Gram in Kolkata in Rs 15,23,500, yesterday: Rs 15,44,200, Change: Rs -20,700
- Today 22 Carat Gold Rate Per 10 Gram in Kolkata in Rs: 1,39,650, Yesterday: Rs 1,41,550, Change: Rs -1,900
- Today 22 Carat Gold Rate Per 100 Gram in Kolkata in Rs:13,96,500, Yesterday: Rs 14,15,500, Change: Rs -19,000
- Today 18 Carat Gold Rate Per 10 Gram in Kolkata: Rs 1,14,260, Yesterday: Rs 1,15,820, Change: Rs -1,560
- Today 18 Carat Gold Rate Per 100 Gram in Kolkata: Rs 11,42,600, Yesterday: Rs 11,58,200, Change: Rs 15,600
- Silver Rates In Kolkata Today: The price of silver in Kolkata today is Rs 275 per gram and Rs 2,75,000 per kilogram which was Rs 300 and Rs 3,00,000 yesterday.
Gold & Silver Rates In Mumbai Today
- Today 24 Carat Gold Rate Per 10 Gram in Mumbai: Rs 1,52,350, Yesterday: Rs Rs 1,54,420. Change: Rs -2,070
- Today 24 Carat Gold Rate Per 100 Gram in Mumbai: Rs 15,23,500, Yesterday: Rs 15,44,200, Change: Rs -20,700
- Today 22 Carat Gold Rate Per 10 Gram in Mumbai: Rs 1,39,650, Yesterday: Rs 1,41,550, Change: Rs -1,900
- Today 22 Carat Gold Rate Per 100 Gram in Mumbai: Rs 13,96,500, Yesterday: Rs 14,15,500, Change: Rs -19,000
- Today 18 Carat Gold Rate Per 10 Gram in Mumbai: Rs 1,14,260, Yesterday: Rs 1,15,820; Change: Rs -1,560
- Today 18 Carat Gold Rate Per 100 Gram in Mumbai: Rs 11,42,600, Yesterday: Rs 11,58,200, Change: Rs 15,600
- Silver Rates In Mumbai Today: The price of silver in Mumbai today is Rs 275 per gram and Rs 2,75,000 per kilogram which was Rs 300 and Rs 3,00,000 yesterday.
MCX Gold Outlook Today
“On the technical front, MCX Gold has formed a doji candlestick pattern on the daily chart, indicating equilibrium between buyers and sellers. International prices saw a sharp fall yesterday and have formed a lower high on the daily chart. We can expect similar price action in MCX Gold going forward. The bullish trend is currently under pressure and will need signs of strength to reassert itself. We maintain a cautious stance on MCX Gold. Immediate support is placed at 147,000-142,000, while resistance is seen at 160,750,” commented Abhishek M Pelu – Research Analyst at Way2Wealth Brokers.
Spot Gold Outlook Today
“Spot Gold is likely to trade with negative bias amid strong dollar. Additionally, demand for safe haven may decline amid ease in geopolitical tension in Middle East following US and Iran agreeing to hold talks in Oman despite of differences about the agenda. Even the White house said that diplomacy is President Donald Trump’s first choice for dealing with Iran and he will wait to see whether a deal can be struck at high-stakes talks. Meanwhile, softening of US treasury yields following signs of weakness in labor market conditions would prevent further downside in prices. Labor market weakness would typically strengthen the case for interest rate cuts,” commented the research analysts of ICICI Securities.
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