Mammoth Jump In Gold Price Today: 24K/100 Grams of Gold Rate Rally Rs 11,500; 1 Kg Silver Plunges Rs 1,000

Mammoth Jump In Gold Price Today: 24K/100 Grams of Gold Rate Rally Rs 11,500; 1 Kg Silver Plunges Rs 1,000

Following Budget 2025’s unwavering vision for India’s economic autonomy, the price of gold hit a record high on the domestic market on Tuesday, February 4. At a record high of Rs 85,200 per 10 grams, gold prices surged by much to Rs 1,150. At the beginning of Tuesday, international gold prices were close to the previous session’s record high, trading at $2,810 per ounce.

Gold Price In India Today

Gold now costs Rs 7,810 per gramme in India for 22-carat gold and Rs 8,520 per gramme for 24-carat gold.

22k of 10 grams of gold rates in India on Tuesday reached Rs 78,100 compared to Rs 77,050 on Monday representing a price jump of Rs 1,050 whereas 22k of 100 grams of gold rates in India today stood at Rs 7,81,000 compared to Rs 7,70,500 yesterday representing a price jump of Rs 10,500 in a single day.

While 24k of 100 grammes of gold will cost Rs 8,52,000 in India today compared to Rs 8,40,500 yesterday, reflecting a price rise of Rs 11,500, 24k of 10 grammes of gold prices in India on Tuesday hit Rs 85,200 compared to Rs 84,050 on Monday, showing a price leap of Rs 1,150.

While 18k of 100 grammes of gold would cost Rs 6,39,000 compared to Rs 6,30,400 yesterday, showing a price rise of Rs 8,600, 18k of 10 grammes of gold reached Rs 63,900 on Tuesday compared to Rs 63,040 on Monday, marking a costlier rate of Rs 860.

Spot Gold Today

U.S. gold futures dropped 0.2% to $2,852.70 on Tuesday, while spot gold was up 0.3% to $2,820.69 per ounce at 0252 GMT after reaching a record high of $2,830.49 in the previous session, according to Reuters. Among other metals, palladium rose 1% to $1,019.31, platinum jumped 0.7% to $970.80, and spot silver climbed 0.2% to $31.61 an ounce.

Silver Price In India Today

Today, silver costs Rs 98.50 per gramme and Rs 98,500 per kilogramme in India. In India, the price of 10 grammes of silver reached Rs 985 on Tuesday, down from Rs 995 on Monday; 100 grammes of silver would cost Rs 9,850, down from Rs 9,950 yesterday; and 1 kilogramme of silver is now Rs 98,500, down from Rs 99,500 yesterday, a 1,000 rupee drop in price.

MCX Gold Outlook Today

“From a technical perspective, MCX Gold maintained its upward momentum for the fourth consecutive session and formed a bullish candle on the daily chart. Recent price action suggests a pattern where MCX Gold shows weakness on one day but surpasses its high in the following sessions, indicating strong buying interest at lower levels. If MCX Gold breaks above 83500, it could advance towards 83800/84000 levels. Conversely, support is seen at 82250/81800 levels and a breakdown below 81800 may trigger further profit booking, leading to a decline towards 83000/82700 levels. Traders are advised to maintain tight stop losses, as the index is trading in a critical zone that could witness heightened volatility,” said the technical research analysts of Way2Wealth Brokers Pvt. Ltd.

Gold & Silver Price Outlook Today

“Gold and silver prices are trading flat today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to higher for the day, as President Donald Trump’s tariff threats and subsequent delays boosted uncertainty and supported haven demand,” said the brokerage firm Nirmal Bang Securities Pvt. Ltd.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.

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