Gold Price Today: Yellow metal makes new high, crosses Rs 80,400/10gms mark

Gold April futures contracts on the MCX rose 0.15% (Rs 124) today, reaching a new all-time high of Rs 80,413 per 10 grams, marking the second consecutive session of price gains.

Meanwhile, silver March futures contracts were trading at Rs 91,079/kg, up by merely 0.03% or Rs 28, having gone up by Rs 720/kg in the last 2 days.

On Tuesday, gold and silver settled on a positive note in the domestic and international markets. Gold April futures contract settled at Rs 80,899 per 10 grams with a gain of 0.92% and silver March futures contract settled at Rs 91,051 per kilogram with a gain of 0.91%.

Gold and silver prices reversed the previous session’s losses and gained amid global uncertainty due to U.S. President Trump’s policies. Trump’s tariff threats and Chinese DeepSeek increased volatility in the global financial markets and supported safe-haven buying for precious metals.

“The U.S. economic data released on Tuesday was also supportive for precious metals. The FOMC meeting is also started on Tuesday and will conclude later today with market consensus of status quo on the interest rates but final comments on the economy and further rate cuts could be directional for precious metal markets,” said Manoj Kumar Jain of Prithvifinmart Commodity Research.

Today, the US Dollar Index, DXY, was hovering near the 107.87 mark, gaining 0.01 or 0.01%.“We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and volatility in the global financial markets and the US FED monetary policy meeting outcomes,” Jain added.

Ranges for gold and silver by Manoj Kumar Jain:

• At MCX, gold has support at Rs 80,600-80,325 and resistance at Rs 81,200-81,550.
• Silver has support at Rs 90,450-89,700 and resistance at Rs 91,800-92,400.

Jain suggests staying away from bullion markets in today’s session ahead of the U.S. Presidential elections.

Gold rates in physical markets

Gold Price today in Delhi

Standard gold (22-carat) prices in Delhi stand at Rs 58,256/8 grams while pure gold (24-carat) prices stand at Rs 62,168/8 grams.

Gold Price today in Mumbai

Standard gold (22-carat) prices in Mumbai stand at Rs 57,520/8 grams while pure gold (24-carat) prices stand at Rs 61,328/8 grams.

Gold Price today in Chennai

Standard gold (22-carat) prices in Chennai stand at Rs 56,616/8 grams while pure gold (24-carat) prices stand at Rs 60,384/8 grams.

Gold Price today in Hyderabad

Standard gold (22-carat) prices in Hyderabad stand at Rs 56,888/8 grams while pure gold (24-carat) prices stand at Rs 60,672/8 grams.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)