Gold and silver prices fell again in the futures market on Thursday. At 9:58 am in the Multi Commodity Exchange (MCX), the price of gold for February delivery contract fell by 0.56 percent compared to the previous session to the level of Rs 1,37,238 per 10 grams. At the same time, the price of silver for March delivery contract declined by 0.84 percent from the previous session and stood at Rs 2,48,491 per kg. The effect of global turmoil is also being seen on the price of gold.
Spot price of gold in metros today
- According to goodreturns, the gold price in Delhi on January 8 is ₹ 13,815 per gram for 24 carat gold, ₹ 12,665 per gram for 22 carat gold and ₹ 10,365 per gram for 18 carat gold.
- Today’s gold price in Mumbai is ₹13,800 per gram for 24 carat gold, ₹12,650 per gram for 22 carat gold and ₹10,350 per gram for 18 carat gold.
- Gold price in Kolkata today is ₹13,800 per gram for 24 carat gold, ₹12,650 per gram for 22 carat gold and ₹10,350 per gram for 18 carat gold.
- Today’s gold price in Chennai is ₹13,909 per gram for 24 carat gold, ₹12,750 per gram for 22 carat gold and ₹10,640 per gram for 18 carat gold.
- Today the gold price in Bangalore is ₹13,800 per gram for 24 carat gold, ₹12,650 per gram for 22 carat gold and ₹10,350 per gram for 18 carat gold.
Gold trend in global market
According to tradingeconomics, a decline in gold prices was recorded in the international market on Thursday and it came down to around $ 4,440 an ounce. The decline follows losses in the previous session as investors assess mixed US economic data, while geopolitical developments also remain under the market’s radar. According to the data, job openings decreased more than expected in November, indicating weak demand in the labor market. At the same time, the increase in private payrolls in December was also less than expected. However, according to ISM data, service sector growth was better than expected.
Now investors’ eyes are on the non-farm payroll report to be released on Friday, which may give indications about the monetary policy of the US central bank. The market has already priced in the possibility of interest rate cuts twice this year.
Latest Business News