Gold Price Slips To Rs 78,450 — Check Rates In Delhi, Bangalore, Chennai And More
Gold price today in India stood at Rs 78,450 as of 6:45 a.m., according to the India Bullion Association. The price slipped by Rs 250 when compared to rates earlier this week. The rates had reached Rs 80,550 per 10 grams on Friday, at the national capital.
The rate at New Delhi stood at Rs 78,170, while the price in Kolkata was higher at Rs 78,210. In Bengaluru, the rates crossed Rs 78,370, according to the India Bullion Association. The rate was Rs 78,310 in Mumbai, while Chennai continued to see the highest rates in the country with prices at Rs 78,540.
"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 tension of uncertainty in the global market is mirrored by the domestic market as well, ahead of Budget 2025. The demand for the precious metal had been pushed higher since the beginning of the month before the prices marginally cooled off today.
Global Rates And Futures
The future prices of gold for Feb. 2, 2025 stood at Rs 78,139, according to the Multi Commodity Exchange. Silver future prices for Feb. 5, 2025 stood at Rs 90,560, according to the MCX.
While, global rates pushed above the $2,660 ceiling to hit $2,673, according to the World Gold Council.
Silver Rates
Silver price stood at Rs 90,720 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.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
