Gold price today recovered to Rs 77,160 as of 6:50 a.m., according to the India Bullion Association. This comes after the price dipped below Rs 76,000 on Nov. 26. The recovery was Rs 1,740 from Nov. 26 and the prices had seen a steady recovery after hitting the low.
Prices had seen a significant decline throughout the month as the demand for the commodity was lower. October had seen a stronger demand ahead of festivities, as prices went up to Rs 81,500. The prices immediately slipped under the pressure of reduced demand, dipping as low as Rs 74,390, mirroring record lows.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The global price has seen much movement, as events like the US election results and geo-political conflicts have had direct impact on rates. Domestic markets have followed suit and seen some volatility in prices due to these cues and events.
The slump was also sustained by the preference of equities over the safe-play investment. A slip in demand post festive season had caused a sharp decline, before the prices were pushed up by geo-political conflicts. The Russia-Ukraine conflict flared up, bringing a rebound in the rates.
The futures prices for Feb. 5, 2025 stood at Rs 77,121, according to the Multi Commodity Exchange.
Global Rates
Global rates of gold stood at $2,641, according to the World Gold Council. The price had seen some movement triggered by geo-political conflict between Russia and Ukraine that had de-escalated, while other events advanced some global level tensions.
The global prices had experienced movement as demand drove price, while the geo-political conflicts escalated. The prices have held above the $2,567-mark this month, but had hit the lows recorded during the previous month.
Silver Prices
The silver prices stood at Rs 90,990 as of 6:50 a.m., according to the India Bullion Association. The futures prices for Feb. 5, 2025 stood at Rs 91,150, according to the MCX.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.