Gold Price Today Rises To Rs 78,700 — Check Rates In Delhi, Bangalore, Chennai And More

Gold price today in India stood at Rs 78,700 as of 6:45 a.m., according to the India Bullion Association. The price rose by Rs 250 for the fourth consecutive session, reaching Rs 80,550 per 10 grams on Friday, at the national capital. The previous session had seen gold priced at Rs 80,300 per 10 grams, according to the All-India Sarafa Association.

The rate at New Delhi stood at Rs 78,420, while the price in Kolkata was higher at Rs 78,450. In Bengaluru, the rates crossed Rs 78,620, according to the India Bullion Association. While Chennai continued to see the highest rates in the country with prices at Rs 78,790.

On a weekly basis, gold prices rose by Rs 1,550, a 2% rise to Rs 80,550 per 10 grams, while silver climbed by 2.5% to Rs 93,000 per kg, as per PTI reports.

"Gold extended its rally on Friday on the back of safe-haven demand due to uncertainty around future US monetary policy under President-elect Donald Trump," Saumil Gandhi, senior analyst of commodities at HDFC Securities, said.

According to Augmont's Head of Research, Renisha Chainani, gold continued its winning streak due to safe-haven demand sparked by worries about Donald Trump's proposed policies, while the UK faced a budget crisis.

The future prices of gold for Feb. 2, 2025 stood at Rs 78,400, according to the Multi Commodity Exchange. Silver future prices for Feb. 5, 2025 stood at Rs 92,466, according to the MCX.

While, global rates pushed above the $2,670 ceiling to hit $2,689, according to the World Gold Council.

Silver price stood at Rs 92,610 as of 6:45 a.m., according to the India Bullion Association.

The strong industrial demand for silver, fuelled by its importance in renewable energy technologies and electronics, has been driving up demand for silver as a safe-haven asset.