Gold prices edged lower on Wednesday as investors booked profits after strong gains in recent sessions. Market attention has now shifted to upcoming US economic data, which could provide further direction to precious metal prices.
In the domestic market, February gold futures on the Multi Commodity Exchange (MCX) declined by ₹633, or 0.46%, to ₹1,38,450 per 10 grams. The dip reflects mild profit-taking following the recent rally.
In the international market, Comex February gold futures fell by $21, or 0.47%, to $4,475.10 per ounce. Despite the decline, prices remain close to record highs, indicating continued investor interest.
Silver prices also witnessed pressure. Comex silver futures slipped by $1.41, or 1.74%, to $79.63 per ounce. Earlier in the session, silver had gained up to 1.91% and hovered near record levels. The white metal touched its lifetime high of $82.67 per ounce on December 29.
Commenting on the market trend, Jigar Trivedi, Senior Research Analyst at Reliance Securities, said gold eased to around $4,480 per ounce on Wednesday, pausing its two-day rally as investors looked beyond geopolitical concerns and focused on key US economic indicators.
Gold Prices Across Major Indian Cities Today
- Jalandhar:
22K gold – ₹12,785 per gram
24K gold – ₹13,948 per gram - Ludhiana:
22K gold – ₹12,785 per gram
24K gold – ₹13,948 per gram - Amritsar:
22K gold – ₹12,785 per gram
24K gold – ₹13,948 per gram - Chandigarh:
22K gold – ₹12,790 per gram
24K gold – ₹13,953 per gram - Mohali:
22K gold – ₹12,790 per gram
24K gold – ₹13,953 per gram
- Delhi:
22K gold – ₹12,800 per gram
24K gold – ₹13,963 per gram - Mumbai:
22K gold – ₹12,785 per gram
24K gold – ₹13,948 per gram - Bangalore:
22K gold – ₹12,785 per gram
24K gold – ₹13,948 per gram - Chennai:
22K gold – ₹12,870 per gram
24K gold – ₹14,040 per gram - Ahmedabad:
22K gold – ₹12,790 per gram
24K gold – ₹13,953 per gram - Hyderabad:
22K gold – ₹12,785 per gram
24K gold – ₹13,948 per gram - Jaipur:
22K gold – ₹12,800 per gram
24K gold – ₹13,963 per gram - Kolkata:
22K gold – ₹12,785 per gram
24K gold – ₹13,948 per gram - Bhubaneswar:
22K gold – ₹12,785 per gram
24K gold – ₹13,948 per gram
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