Tag: gold prices

  • MCX Gold Prices Slide 0.12% to ₹1,53,950 as Oil Rises and US Inflation Data Looms

    MCX Gold Prices Slide 0.12% to ₹1,53,950 as Oil Rises and US Inflation Data Looms

    Gold futures on the Multi Commodity Exchange (MCX) edged lower on Wednesday, September 10, as market participants adopted a cautious stance ahead of key US inflation data and the Federal Reserve’s upcoming policy decision. The October gold contract fell 0.12% to ₹1,53,950 per 10 grams, while September silver futures declined 0.34% to ₹2,43,375.

    In the energy markets, Brent crude futures slipped 0.16% to $101 per barrel, while US West Texas Intermediate (WTI) edged up 0.06% to $96.11 per barrel. Rising oil prices often fuel inflation concerns, adding to the uncertainty surrounding gold’s short-term direction.

    According to the CME FedWatch Tool, markets are currently pricing in a 39.8% probability that the Fed will hold rates steady in September and a 60.2% chance of a rate hike. Higher interest rates typically weigh on gold, a non-yielding asset.

    Domestic Gold Prices

    Despite the dip in futures, spot gold prices in India moved higher. 24K gold rose by ₹120 to ₹1,55,510 per 10 grams, and 22K gold advanced by ₹110 to ₹1,42,550. Regionally, Mumbai and Kolkata quoted 24K gold at ₹1,55,510, Delhi at ₹1,55,660, and Chennai at ₹1,55,510.

    US Gold Prices

    In international markets, spot gold traded 0.3% higher at $4,412.84 per ounce, supported by a softer dollar. However, US gold futures for December delivery edged 0.1% lower to $4,457.10. Spot silver rose 0.2% to $67.42 per ounce, platinum fell 0.6% to $1,885.02, and palladium gained 0.2% to $1,355.50.

    “For now, the geopolitical developments in the Persian Gulf are of secondary importance to gold. Gold instead is teeing off on a weaker dollar, which notably is not moving up despite the fact that US rates are going higher,” said Edward Meir, analyst at Marex.

    Daniel Hynes, senior commodities strategist at ANZ, noted that gold is supported “as US fiscal pressures continue to undermine confidence in the long-term value of government debt and the currency used to finance it.”

    Key Levels to Watch

    On MCX, gold has support at ₹1,52,500 and ₹1,51,650, while resistance is seen at ₹1,54,400 and ₹1,55,500. For silver, support lies at ₹2,41,400 and ₹2,39,100, with resistance at ₹2,45,800 and ₹2,48,000.

  • Gold Prices Inch Higher on MCX as Fed Holds Rates; Brent Crude Slips Below $90

    Gold Prices Inch Higher on MCX as Fed Holds Rates; Brent Crude Slips Below $90

    Gold futures traded higher on the Multi Commodity Exchange (MCX) on July 30, despite a stronger U.S. dollar and rising 10-year Treasury yields, after the U.S. Federal Reserve decided to keep interest rates unchanged. August gold futures rose 0.26% to Rs 1,42,150 per 10 grams. In contrast, September silver futures declined 0.59% to Rs 2,16,200, while Brent crude futures fell 1.14% to $89.71 per barrel. U.S. West Texas Intermediate (WTI) crude also edged lower by 0.81% to $83.78 per barrel.

    According to the CME FedWatch Tool, market expectations for a September rate hike dropped to 63% from 81% before the Fed’s policy decision, reflecting a shift in sentiment after the central bank’s announcement.

    Domestic Gold Prices

    In the domestic spot market, 24-karat gold rose by Rs 82 to Rs 1,44,330 per 10 grams, while 22-karat gold advanced by Rs 75 to Rs 1,32,300. Prices remained consistent across major cities: Mumbai and Kolkata quoted Rs 1,44,330, Delhi Rs 1,44,480, and Chennai Rs 1,44,330.

    U.S. Gold Prices

    In the international market, gold prices edged higher on Thursday as investors assessed comments from Federal Reserve Chairman Kevin Warsh on inflation following the rate hold. Spot gold gained 0.3% to $4,076.29 per ounce, while U.S. gold futures for August delivery rose 1% to $4,073.60. Spot silver added 0.4% to $57.86 per ounce, palladium climbed 1.5% to $1,264.49, and platinum dipped 0.6% to $1,602.34.

    Key Levels to Watch

    Analysts noted that gold’s upward momentum was supported by a perceived lack of urgency from the Fed to raise rates. “I think the markets were surprised, and somewhat disappointed by Warsh and his general approach. He seemed kind of disengaged from the need to raise interest rates,” said Edward Meir, analyst at Marex. “The markets have gone up to fight inflation, but he doesn’t seem to be doing much, and so this has helped gold go up.”

    On MCX, gold is expected to find support at Rs 1,41,100 and Rs 1,40,400, with resistance at Rs 1,42,650 and Rs 1,43,300. Silver has support at Rs 2,15,500 and Rs 2,13,300, and resistance at Rs 2,20,000 and Rs 2,23,100.

  • Gold Prices Today: Yellow Metal Nears Rs 1.45 Lakh, Silver Tops Rs 2.25 Lakh

    Gold Prices Today: Yellow Metal Nears Rs 1.45 Lakh, Silver Tops Rs 2.25 Lakh

    Gold and silver prices opened higher across India’s retail and futures markets on Monday, tracking gains in global bullion amid renewed safe-haven demand. Retail rates for both 24-karat and 22-karat gold edged up across major cities, while silver also advanced in the domestic market.

    On the MCX, gold futures rose 0.51% to Rs 144,520 per 10 grams, and silver futures gained 1.01% to Rs 225,120 per kg at around 9:07 a.m.

    The domestic rally mirrored strong global developments, whereby the price of spot gold rose by 1.4% to reach $4,110.56 per ounce and that of US gold futures increased by 1% to reach $4,112.10 per ounce by 0200 GMT.

    The rally came amid reduced fears of rising inflation amid falling oil prices owing to the slight easing of tensions in the Middle East region before the Fed’s rate decision.

    A 0.3% decline in the US dollar index also made gold more affordable for overseas buyers, lending further support to bullion prices.

    City-Wise Gold Prices Today (July 27, 2026)

    Gold rates varied slightly across major Indian cities. In Delhi, 24K gold was priced at Rs 1,44,870 per 10 grams, while 22K gold stood at Rs 1,32,800. Mumbai saw 24K gold at Rs 1,44,720 and 22K at Rs 1,32,660. In Chennai, 24K gold was at Rs 1,45,020 and 22K at Rs 1,32,940. Kolkata recorded 24K gold at Rs 1,44,770 and 22K at Rs 1,32,710.

    Silver Rises on Strong Global Bullion Momentum

    Silver prices in India remained firm on July 27, tracking gains in the global bullion market. According to Goodreturns, 999-purity silver in Hyderabad was priced at around Rs 2,24,820 per kg, reflecting sustained domestic demand and positive international cues. The metal continued to attract investor interest alongside rising gold prices.

    Gold Price Trend Analysis in 2026

    Gold has delivered a strong performance in India throughout 2026, even after retreating from record highs. MCX gold averaged Rs 1,51,108 per 10 grams in the first quarter, marking a 20% rise from the previous quarter and an 81% jump year-on-year, according to the World Gold Council.

    Subsequently, the prices dropped to levels of around Rs 1.41 lakh in June, only to recover back to nearly Rs 1.45 lakh per 10 grams by end of July.

    Overall demand for gold in India increased by 10% during the first quarter, totaling 151 tonnes, with investment demand shooting up by 54%, touching 82 tonnes.

    Moving ahead, experts expect volatility in prices, where global events, actions of the US Fed, and movements in the rupee vis-a-vis the dollar will trigger the next phase of profits.

    What’s Next for Gold Prices?

    Gold prices remain well-supported despite recent volatility, reflecting investors’ continued preference for safe-haven assets amid global uncertainty.

    With the US Federal Reserve’s policy decision, geopolitical developments, and movements in the US dollar likely to dictate the next leg of the rally, bullion prices may continue to fluctuate in the near term.

    For buyers, monitoring daily price movements and broader market cues will be key before making fresh investment or jewellery purchases.

  • MCX Gold Rises 0.65% to ₹1,42,300 as Brent Crude Drops Below $90

    MCX Gold Rises 0.65% to ₹1,42,300 as Brent Crude Drops Below $90

    Gold prices on the Multi Commodity Exchange (MCX) climbed on July 21, driven by a decline in crude oil prices and reports of diplomatic efforts to de-escalate tensions in the Middle East. August gold futures rose 0.65% to ₹1,42,300 per 10 grams, while September silver futures gained 1.09% to ₹2,20,775.

    Brent crude oil futures fell 0.80% to $88.51 per barrel, slipping below the $90 mark. West Texas Intermediate (WTI) crude edged down 0.46% to $82.10 per barrel. The drop in oil prices eased inflation concerns, supporting demand for gold as a safe-haven asset.

    According to the CME FedWatch Tool, traders now see a 64% probability of a September rate hike by the US Federal Reserve. This expectation continues to influence precious metals markets.

    Domestic Gold Prices

    In India, 24K gold rose by ₹76 to ₹1,44,220 per 10 grams, while 22K gold advanced by ₹70 to ₹1,32,200. Prices remained largely uniform across major cities: Mumbai and Kolkata quoted ₹1,44,220 for 24K gold, Delhi ₹1,44,370, and Chennai ₹1,44,220.

    US Gold Prices

    In international markets, spot gold climbed 0.9% to $4,042.69 per ounce, and US gold futures for August delivery rose 0.8% to $4,047.40. The gains came as investors assessed diplomatic efforts to ease US-Iran tensions, which could reduce oil-driven inflation risks.

    Spot silver gained 2.2% to $57.67 per ounce, platinum rose 0.8% to $1,607.20, and palladium gained 0.8% to $1,263.73.

    Key Levels to Watch

    “It looks like gold is trying to find a base somewhere around this $4,000 level and is going to try to re-engage the upside from there,” said Ilya Spivak, head of global macro at Tastylive. “These headlines from the Middle East seem to have some degree of knock-on, though it is increasingly only being paid attention to in a passing kind of way.”

    Internationally, gold has support at $3,989 and $3,945, with resistance at $4,040 and $4,074 per troy ounce. Silver has support at $56.20 and $55.50, with resistance at $57.70 and $58.50 per troy ounce.

    On the MCX, gold has support at ₹1,40,850 and ₹1,40,400, with resistance at ₹1,42,000 and ₹1,43,650. Silver has support at ₹2,16,000 and ₹2,14,400, with resistance at ₹2,20,000 and ₹2,23,100.

  • MCX Gold Edges Higher on Value Buying; Brent Crude Pushes Past $90

    MCX Gold Edges Higher on Value Buying; Brent Crude Pushes Past $90

    Gold prices edged higher on the Multi Commodity Exchange (MCX) on July 20, supported by value buying as the US dollar softened, while Brent crude oil surged past the $90-per-barrel threshold, intensifying expectations that the Federal Reserve will raise interest rates again before year-end.

    August gold futures on MCX rose 0.32% to ₹1,41,039 per 10 grams, while September silver futures gained 1% to ₹2,18,560. Meanwhile, Brent crude futures climbed 2.62% to $90.41 per barrel, and US West Texas Intermediate (WTI) advanced 2.39% to $84.36 per barrel.

    According to the CME FedWatch Tool, traders now see an 82% probability of a rate hike in December, up from 73% last week.

    Domestic Gold Prices

    In India, 24K gold rose by ₹17 to ₹1,43,460 per 10 grams, while 22K gold climbed ₹15 to ₹1,31,500. City-wise, Mumbai and Kolkata both quoted ₹1,43,460, Delhi ₹1,43,610, and Chennai ₹1,43,460.

    US Gold Prices

    In the international market, spot gold slipped 0.1% to $4,014.53 per ounce as escalating Middle East tensions pushed Brent crude above $90, stoking inflation fears. US gold futures for August delivery were steady at $4,019.80. Spot silver gained 1.9% to $56.95 per ounce, platinum rose 0.5% to $1,599.97, and palladium eased 0.2% to $1,244.50.

    “Weekend escalations increase the risk of a full-scale offensive by both sides, which potentially threatens gold prices as the opportunity cost for holding the metal gets higher if this ongoing stagflation fear takes hold,” said Kelvin Wong, senior market analyst at OANDA.

    Key Levels to Watch

    International: Gold has support at $3,989 and $3,945, with resistance at $4,040 and $4,074 per troy ounce. Silver support is at $55.50 and $54.40, resistance at $57.50 and $58.80.

    On MCX: Gold has support at ₹1,40,400 and ₹1,39,650, and resistance at ₹1,41,500 and ₹1,42,200. Silver support is at ₹2,14,400 and ₹2,11,000, with resistance at ₹2,18,800 and ₹2,21,000.

  • Titan Q1 FY27 Results Preview: Why the August 7 Earnings Call Matters for Investors

    Titan Q1 FY27 Results Preview: Why the August 7 Earnings Call Matters for Investors

    Titan Company is gearing up to announce its first-quarter results for FY2026-27, and investors are closely watching for the board meeting date and earnings call schedule. The company has closed its trading window for designated persons and their close relatives, effective from June 23, 2026, until 48 hours after the board approves the Q1 results, in compliance with SEBI insider trading norms.

    While Titan has not yet fixed the exact board meeting date, it is expected to follow a similar timeline to last year, when Q1 FY26 results were released on August 7, 2025, after a business update in early July. Investors are particularly focused on management’s outlook on jewelry demand, margins, and overall business growth amid rising gold prices.

    Titan performed strongly in the fourth quarter of FY26. Consolidated total income reached Rs. 20,300 crore, a 46% year-over-year increase, while profit after tax rose 35% to Rs. 1,179 crore. For the full fiscal year, revenue grew 33% to Rs. 76,078 crore, and annual profit after tax hit Rs. 5,073 crore. The board has also recommended a final dividend of Rs. 15 per equity share for FY26, with a record date of July 9, 2026, and payment expected on or after July 28, 2026, subject to approval at the 42nd Annual General Meeting on July 27, 2026.

    There have been leadership changes as well. Three non-executive directors nominated by co-promoter TIDCO stepped down in June 2026, and a new chairman has since taken over. Market watchers are keeping an eye on jewelry demand trends, especially with gold prices remaining high. Once Titan confirms the board meeting date, more details on the earnings call timing and management commentary on demand, margins, and the outlook for the rest of FY27 will follow.

  • MCX Gold Declines 0.35% to ₹1,44,885 as Middle East Tensions and Fed Rate Concerns Weigh

    MCX Gold Declines 0.35% to ₹1,44,885 as Middle East Tensions and Fed Rate Concerns Weigh

    Gold prices on the Multi Commodity Exchange (MCX) slipped on July 8, tracking weakness in global bullion markets as escalating tensions between the United States and Iran in the Middle East stoked inflation fears and strengthened the U.S. dollar. August gold futures fell 0.35% to ₹1,44,885 per 10 grams, while September silver futures dropped 0.8% to ₹2,29,007 per kilogram.

    Brent crude futures jumped 2.55% to $76.05 a barrel, and U.S. West Texas Intermediate (WTI) advanced 2.51% to $72.21 a barrel, reflecting supply concerns from the geopolitical unrest.

    Fed Rate Hike Expectations Rise

    According to the CME FedWatch Tool, traders now see a 63% probability of a rate hike in September, up from 57% previously. Higher interest rates tend to pressure gold prices by increasing the opportunity cost of holding non-yielding assets.

    Domestic Gold Prices

    In the domestic market, 24K gold fell by ₹77 to ₹1,44,490 per 10 grams, while 22K gold declined by ₹70 to ₹1,32,450. City-wise, Mumbai and Kolkata quoted gold at ₹1,44,490, Delhi at ₹1,44,640, and Chennai at ₹1,45,420.

    U.S. Gold and Metals Market

    In the U.S., spot gold rose 0.5% to $4,125.59 per ounce, while August gold futures shed 0.5% to $4,136.30. Spot silver gained 0.8% at $60.47 per ounce, platinum slipped 0.3% to $1,635.45, and palladium dropped 0.6% to $1,268.64.

    Key levels for MCX gold indicate immediate resistance at ₹1,46,000 per 10 grams and support at ₹1,44,000. Analysts note that while the broader trend remains under pressure, a technical pullback is possible at current levels. For MCX silver, major resistance is at ₹2,32,500 per kilogram, with support at ₹2,28,000.

    “Over the past 24 hours, there was a little bit of a scare again on the inflation front. So bonds came in lower, the dollar popped a little, gold pulled back, and now seems to be kind of stabilising after that correction. At this point, we’ve been watching gold attempt to carve out a bottom,” said Ilya Spivak, head of global macro at Tastylive.

  • Gold and Silver Rates Today: 24K, 22K and 999 Prices Across Major Indian Cities (July 5, 2026)

    Gold and Silver Rates Today: 24K, 22K and 999 Prices Across Major Indian Cities (July 5, 2026)

    Gold and silver prices remained in focus on July 5 as investors tracked global market trends. Check the latest retail rates for 24K, 22K, 18K gold and 999 silver across Delhi, Mumbai, Kolkata and other major Indian cities.

    Gold prices were mostly stable in India on July 5, 2026, with no changes at the retail level from the previous day since the bullion market closed on account of the weekend. Gold futures on MCX saw a slight decline to Rs. 1.47 lakh per 10 grams, as investors booked profits, while the rupee strengthened against the softer dollar amid reduced expectations of hikes in Fed rate. The yellow metal remains one of the better-performing asset classes over the past year, with returns of nearly 37.6%.

    City-Wise Gold & Silver Rates

    Retail gold prices showed only marginal city-to-city variation, with Delhi trading slightly above Mumbai and Kolkata, reflecting local levies and demand patterns.

    Silver prices also stayed flat over the weekend, with 999-purity silver trading at approximately Rs. 250 per gram or Rs. 2,500 for 10 grams. It has recently performed better than gold, posting a one-year return of over 83%.

    What’s Driving the Price Action

    The international spot price of gold remained confined to $4,150 – $4,180 per ounce as the bulls were pitted between a relatively dovish Fed and a firmer greenback coupled with new economic data. Gold prices have remained in a correction phase, declining nearly 8% over the past month. Despite the recent pullback, market expectations suggest prices will trade within a range in the short term. The World Gold Council has identified support at $4,000 per ounce and resistance at $4,300 per ounce.

    Should You Wait or Purchase Now?

    Market analysts continue to favor a staggered investment approach over a lump sum purchase, especially for those buying gold as a long-term investment rather than as jewellery. Buyers should verify the BIS hallmark certificate before making a purchase. They should also factor in GST and making charges when comparing prices. In addition, gold prices can vary across jewellers based on location and individual premiums, even when the underlying metal rate remains the same.

  • Gold Dips Below $4,000 as Commodity Markets Close for Muharram Morning Session; Silver Nears $56

    Gold Dips Below $4,000 as Commodity Markets Close for Muharram Morning Session; Silver Nears $56

    The commodities market remained closed for the morning session on Friday due to Muharram, operating from 9:00 am to 5:00 pm. Evening trading resumed as usual from 5:00 pm to 11:30 pm/11:55 pm. Gold and silver prices continued to face downward pressure, extending a fourth consecutive weekly decline amid a stronger US dollar and expectations of higher US interest rates.

    According to the CME FedWatch Tool, traders now anticipate three rate hikes from the US Federal Reserve this year, with a 64% probability of a September increase. The robust dollar and hawkish Fed outlook weighed heavily on bullion, pushing spot gold below the $4,000 mark for the first time since November 2025. Spot gold fell 0.9% to $3,991.49 per ounce, while US gold futures for August delivery lost 1% to $4,007.30.

    Other precious metals also declined: spot silver dropped 3.2% to $56.01 per ounce, platinum lost 2.4% to $1,563.20, and palladium slid 1.6% to $1,165.93. Gold has fallen roughly 29% from its record high of $5,594.82 on January 29.

    Domestic Gold Prices in India

    In the domestic market, 24K gold rose by Rs. 27 to Rs. 1,41,600 per 10 grams, while 22K gold gained Rs. 25 to Rs. 1,29,800. City-wise prices were: Mumbai and Kolkata at Rs. 1,41,600, Delhi at Rs. 1,41,750, and Chennai at Rs. 1,43,340.

    Key Levels to Watch

    “The rapid repricing of the hawkish Fed created a strong bullish momentum in the US dollar, which eventually led to this significant downward drift in gold prices,” said Kelvin Wong, senior market analyst at OANDA. Renisha Chainani, Head of Research at Augmont, noted that the unwinding of yen carry trades, as USDJPY slides to a 40-year low on rising Japanese interest rates, is creating ripple-effect selling across safe-haven assets.

    Chainani explained that gold has broken below its key $4,000 support and dropped toward $3,950. A sustained breakdown could open the path toward $3,600, although oversold conditions leave room for a bottom-fishing or short-covering rally toward $4,100 and $4,165. She added that silver has also broken below the $60 level and slipped to $55.50, with the next support at $50 if bearish momentum continues.

    Meanwhile, Brent crude futures declined 1.77% to $73.93 a barrel, and US West Texas Intermediate (WTI) fell 1.86% to $70.58 per barrel.