18 hours ago
1
Gold prices slipped on Wednesday, falling below Rs 1,01,300 per 10 grams on the Multi Commodity Exchange (MCX), down Rs 175 or 0.17 per cent. Silver futures, however, edged marginally higher by Rs 16 to close at Rs 1,13,530 per kilogram.
Globally, spot gold eased 0.1 per cent to $3,376.69 per ounce after touching a near two-week high on Tuesday, while US gold futures also dipped 0.1 per cent to $3,432.40. The decline came as the US dollar rebounded from a recent low, supported by weaker jobs data that raised expectations of a potential rate cut in September.
Investors are also closely watching US President Donald Trump's upcoming appointments to the Federal Reserve and his renewed threats of raising tariffs on Indian goods due to Russian oil imports, further fueling market uncertainty.
Manoj Jain, Director and Head of Commodity and Currency Research at Prithvi Finmart, said:
"Gold and silver extended gains earlier due to safe-haven buying amid US trade tariff concerns and weakness in US equity markets. Gold is trading near its long-term resistance at $3,454 per ounce and may strengthen further if it sustains above this level. We expect volatility to continue this week with gold likely trading between $3,360–3,480 per ounce and silver between $35.80–38.40 per ounce."
In domestic markets, gold October futures settled at Rs 1,01,338 per 10 grams, while silver September futures closed at Rs 1,13,504 per kilogram.
Support and resistance levels:
Gold (MCX): Support – Rs 1,00,850–1,00,475; Resistance – Rs 1,01,555–1,02,200
Silver (MCX): Support – Rs 1,12,800–1,12,200; Resistance – Rs 1,14,200–1,15,500
Analysts suggest buying silver in the Rs 1,13,000–1,12,500 range with a stop-loss at Rs 1,11,800, targeting Rs 1,14,200–1,15,500.
City-wise Gold Prices (per gram on August , 2025):
|
City |
24K |
22K |
|
Mumbai |
Rs 10,233 |
Rs 9,380 |
|
Delhi |
Rs 10,248 |
Rs 9,395 |
|
Chennai |
Rs 10,233 |
Rs 9,380 |
|
Kolkata |
Rs 10,233 |
Rs 9,380 |
|
Bengaluru |
Rs 10,233 |
Rs 9,380 |
Gold Price in Mumbai:
In Mumbai, the price of 24-karat gold stood at Rs 9,933per gram, while 22-karat gold was priced at Rs 9,105 per gram.
Gold Price in Delhi:
The national capital recorded 24K gold at Rs 9,948 per gram, with 22K gold available at Rs 9,115 per gram.
Gold Price in Chennai:
Gold rates in Chennai were slightly lower, with 24K gold at Rs 9,933 per gram and 22K gold at Rs 9,105 per gram.
Gold Price in Kolkata:
In Kolkata, 24-karat gold was priced at Rs 9,933 per gram, and 22-karat gold was selling at Rs 9,105 per gram.
Gold Price in Bengaluru:
Bengaluru saw 24K gold trading at Rs 9,933 per gram, while 22K gold was available at Rs 9,105 per gram.
Gold Price in Pune:
Pune saw 24K gold trading at Rs 9,933 per gram, while 22K gold was available at 9,105 per gram.
English (US) ·