Gold Price In India Today, 13-Feb: 22K/100 Grams of Gold Rate Rally Rs 4,000; 1 Kg Silver Firm At Rs 99,500

Following the release of the US CPI statistics, on Thursday, February 13, the price of gold saw an enormous rise on the domestic market. On Thursday, international gold prices were close to reaching a new high of over $2900 an ounce. Demand for safe-haven investments is expected to rise in the face of growing trade tensions and economic instability, which will further bolster gold prices.

Gold Price In India Today

Today, 22 carat gold costs Rs 7,980 per gramme in India, whereas 24 carat gold costs Rs 8,705 per gramme. While 22k of 100 grammes of yellow metal will cost Rs 7,98,000 in India today compared to Rs 7,94,000 yesterday, representing a price hike of Rs 4,000 in a single day, 22k of 10 grammes of gold prices in India reached Rs 79,800 on Thursday compared to Rs 79,400 on Wednesday, representing a 400 rupee price jump.

While 24k of 100 grammes of yellow metal would cost Rs 8,70,500 in India today compared to Rs 8,66,700 yesterday, marking a price spike of Rs 3,800, the price of 24k of 10 grammes of gold in India on Thursday hit Rs 87,050 compared to Rs 86,670 on Wednesday, showing a price jump of Rs 380.

While the price of 18k of 100 grammes of gold in India climbed by Rs 3,200 in a single day to Rs 6,52,900 on Thursday from Rs 6,49,700 on Wednesday, 18k of 10 grammes of gold will cost Rs 65,290 today compared to Rs 64,970 yesterday, corresponding to a price jump of Rs 320.

Spot Gold Today

The price of gold climbed slightly on Thursday. U.S. gold futures grew 0.3% to $2,936.50, while spot gold was up 0.2% at $2,908.50 per ounce as of 02:40 GMT after bullion reached a new high of $2,942.70 on Tuesday, according to Reuters. Platinum climbed 0.2% to $994.75, palladium solidified 0.5% to $978.46, and spot silver jumped 0.2% to $32.29 an ounce.

Silver Price In India Today

Silver prices remained stable on the domestic market on February 13th as traders dealt with the latest US inflation data and comments made by Federal Reserve Chair Jerome Powell. Today, silver costs Rs 99.50 per gramme and Rs 99,500 per kilogramme in India.

MCX Gold Outlook Today

"From a technical perspective, MCX Gold reversed from its previous supply zone and formed a bullish candle on the daily chart. The price action and pattern clearly depict strong buying interest, with the commodity consistently forming higher highs and higher lows. If MCX Gold breaks above 84500, it could advance towards 85800/86200 levels. Conversely, support is seen at 85200/84830 levels. Traders are advised to maintain tight stop losses, as the commodity is trading in a critical zone that could witness heightened volatility," commented the technical research analysts of Way2Wealth Brokers Pvt. Ltd.

Gold & Silver Price Outlook Today

"Gold and silver prices are trading slightly higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day, as gold prices are steady near a record high, as traders balanced the latest hot inflation reading in the US against rising haven demand in the wake of several disruptive trade announcements from President Donald Trump," Nirmal Bang Securities Pvt. Ltd stated in a note.

Disclaimer

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