Amid global cues, a rise in the prices of gold and silver is being seen in the futures market on Wednesday. At 10:05 am on the Multi Commodity Exchange (MCX), the price of gold for the delivery contract of April 2 reached Rs 1,60,636 per 10 grams, a jump of 0.42 percent compared to the previous session. Similarly, silver price for delivery contract on March 19 rose by 2.55 per cent to Rs 2,67,400 per kg in the previous session.
spot price of gold in metros
- According to goodreturns, the gold price in Delhi today is ₹16,204 per gram for 24 carat gold, ₹14,855 per gram for 22 carat gold and ₹12,157 per gram for 18 carat gold.
- Today the gold price in Mumbai is ₹16,189 per gram for 24 carat gold, ₹14,840 per gram for 22 carat gold and ₹12,142 per gram for 18 carat gold.
- The gold price in Kolkata on Wednesday was ₹16,189 per gram for 24 carat gold, ₹14,840 per gram for 22 carat gold and ₹12,142 per gram for 18 carat gold.
- Today, the price of 24 carat gold in Chennai is ₹16,288 per gram, the price of 22 carat gold is ₹14,930 per gram and the price of 18 carat gold is ₹12,765 per gram.
- Today in Bangalore, the price of 24 carat gold is ₹16,189 per gram, 22 carat gold price is ₹14,840 per gram and 18 carat gold price is ₹12,142 per gram.
Gold in global market today
Gold prices reached around $5,180 an ounce in the global market on Wednesday, recovering part of the previous session’s losses. The main reasons for this increase were trade and geopolitical uncertainty. US President Donald Trump’s new 10% global tariff has come into effect from Tuesday. His administration plans to raise it to 15% to reinvigorate its tariff agenda after the Supreme Court struck down many of his sweeping tariffs. On Monday, Trump also warned that countries that “gamed” with recent trade agreements could face higher tariffs.
However, the upside in gold remained limited as expectations of a rate cut by the Federal Reserve in the near future have diminished. On Tuesday, two Fed officials said there was no immediate need for a change in monetary policy at this time, as the labor market is improving and inflation remains stable.
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