Gold prices in India have surged for the third consecutive session this week, making the yellow metal Rs. 7,100 more expensive per 100 grams. This sharp rise comes on the back of strong positive cues from global markets, where gold is hovering near a four-week high. The rally in gold prices is noteworthy despite the strengthening of the U.S. dollar, traditionally seen as a headwind for the precious metal. However, a string of strong economic data from the United States has kept investors bullish on gold. With global markets closely watching the U.S. Federal Reserve’s next moves on interest rates, gold’s performance could remain resilient as investors seek clarity on future monetary policy directions.

Gold Rates In India Today

On 10th January 2025, the 24-carat gold rates in India spiked by Rs 270 to cost Rs. 79,470 while the 22-carat gold jumped Rs. 250 to retail at Rs. 72,850. Meanwhile, the 18-carat gold rates in India also soared to Rs. 210, currently at Rs. 59,610.

100 grams of 22-carat gold jumped remarkably By Rs. 2500, bringing the prices to Rs. 7,28,500. In a similar manner, the 24-carat gold per 100 grams surged Rs. 2,700 to retail at Rs. 7,94,700.

Lastly, 18-carat gold rates rose to Rs. 2,100 per 100 grams, costing Rs. 5,96,100.

Silver Rates in India Today

Silver rates in India today are touching the highest price of the month with a Rs. 1000 gain per kilogram which now costs Rs. 93,000 and 100 grams of white metal now cost Rs. 9,300.

MCX Gold and Silver Futures Update

Gold futures on the Multi Commodity Exchange (MCX), set to be delivered on February 5, 2025, jumped 136 points or 0.17% and are currently priced at Rs. 78,240. Meanwhile, silver futures, with a delivery date of March 5, 2025, have risen by Rs. 0.38 , reaching Rs. 92,060.

Spot Prices of Gold & Silver in the International Market Today

As per Reuters’ latest reports, gold prices hovered near a four-week high on Friday, set to record their best weekly performance since mid-November. Investors are closely monitoring the upcoming U.S. jobs data to assess the Federal Reserve’s stance on potential interest rate cuts this year.
Spot gold edged up by 0.1% to $2,672.64 per ounce as of 0309 GMT, marking a weekly gain of over 1%. Meanwhile, U.S. gold futures climbed 0.2% to $2,696.30. In the broader precious metals market, spot silver rose 0.4%, trading at $30.24 per ounce.

Market insight On Gold Price

According to the research report from Way to Health brokers, ” International Gold prices remained above $2,660 per ounce on Thursday, consolidating recent gains as investors evaluated the Federal Reserve’s monetary policy outlook ahead of key U.S. jobs data. On the domestic front, MCX Gold extended its positive momentum for the third consecutive session and closed with the formation of a bullish candle on the daily chart. The commodity is currently approaching its major daily supply zone at 78200-79000 levels, where a fresh wave of selling pressure may emerge. However, if MCX Gold sustains above this supply range, it could advance towards 79280/79800 levels in the near term, potentially paving the way for new all-time highs. In contrast, support for the commodity is observed at 77500/77000 levels. Traders are advised to use strict stop-losses, as volatility may remain elevated due to ongoing geopolitical tensions.”