Gold Price Jumps In India Today: 22K & 24K/100 Gms Zooms Over Rs 2,000, 1 Kg Silver Hits Rs 1.17 Lakh

The price of gold in India climbed further today after Trump's new tariff, rising above Rs 2,000 for 24 and 22 carat gold per 100 gms. With the festive season close at hand, demand for gold has forced it to lose its luster as expectations of a Fed rate cut have increased, driven by weak U.S. economic data.

Gold & Silver Rates In India Today

In India currently, 24 carat gold costs Rs 10,255 per gram, 22 carat gold costs Rs 9,400 per gram, and 18 carat gold costs Rs 7,691 per gram. In India, the price of 24k of 10 grams of gold climbed by Rs 220 to Rs 1,02,550 on Thursday from Rs 1,02,330 on Wednesday. Similarly, the price of 24k of 100 grams of gold will cost Rs 10,25,500 today, up from Rs 10,23,300 yesterday, representing an overnight gain of Rs 2,200.

In India, 22k of 10 grams of gold would cost Rs 94,000 on Thursday, up Rs 200 from Rs 93,800 on Wednesday. Similarly, the price of 22k of 100 grams of gold today climbed to Rs 9,40,000, up Rs 2,000 from Rs 9,38,000 yesterday in India.

On Thursday, 10 grams of 18k gold would cost Rs 76,910 in India, up Rs 160 from yesterday's price of Rs 76,750. Similarly, 100 grams of 18k gold on Thursday grew in value to Rs 7,69,100, up Rs 1,600 from Rs 7,67,500 on Wednesday.

Silver costs Rs 117 per gram and Rs 1,17,000 per kilogram in India today, compared to Rs 116 and Rs 1,16,000 yesterday.

MCX Gold Outlook Today

"On the technical front, MCX Gold has picked up momentum on the daily chart. It is trading near all-time high levels, above the short term EMAs, forming higher highs with the RSI above 60. All these indicate strong bullish momentum. Currently, support is placed at 101,332- 99,950 and resistance is expected around 102,500. Since the overall trend is bullish, traders can consider buying MCX Gold within the 101,332-99,939 range for a target of 102,500," commented Abhishek M Pelu - Research Analyst at Way2Wealth Brokers.

Gold & Silver Price Fundamental Outlook Today'

"Gold and silver prices are trading higher today on the international bourses. We expect precious metals prices on Indian bourses to trade range bound to higher for the day; as gold prices gained as traders weighed uncertainty created by President Donald Trump's latest trade moves, including threatening a 100% tariff on chip imports," commented the research analysts of Nirmal Bang Securities.

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