Gold futures witnessed a notable upswing during Wednesday's trading session, propelled by firm buying interest and heightened investor participation on the Multi Commodity Exchange (MCX). The bullish sentiment lifted prices across various contract expiries, reflecting strong market confidence in the precious metal.
MCX Gold Futures Show Consistent Gains
As of 15:09 PM, MCX gold futures demonstrated gains across multiple expiries, underscoring the widespread optimism among traders. The April 2, 2026 contract traded at Rs 1,59,000 per 10 grams, marking an increase of Rs 5,191 or 3.37 per cent. Similarly, the June 5, 2026 contract was quoted at Rs 1,62,855 per 10 grams, higher by Rs 5,383 or 3.42 per cent. Meanwhile, the August 5, 2026 contract traded at Rs 1,66,000 per 10 grams, up Rs 4,094 or 2.53 per cent.
Gold Prices Rise in Major Indian Cities
The upward momentum in futures was mirrored in spot markets across key Indian cities, with both 22K and 24K gold varieties recording substantial price hikes.
Delhi
In the national capital, 22K gold is priced at Rs 14,730 per gram, up Rs 605, while 24K gold costs Rs 16,068 per gram, higher by Rs 660.
Mumbai
Mumbai markets see 22K gold at Rs 14,715 per gram, up Rs 605, while 24K gold is priced at Rs 16,053 per gram, higher by Rs 660.
Chennai
In Chennai, 22K gold costs Rs 14,900 per gram, up Rs 630, while 24K gold is priced at Rs 16,256 per gram, higher by Rs 689.
Kolkata
Kolkata markets price 22K gold at Rs 14,715 per gram, up Rs 805, while 24K gold is sold at Rs 16,053 per gram, higher by Rs 878.
Bangalore
In Bangalore, 22K gold is priced at Rs 14,715 per gram, up Rs 605, while 24K gold costs Rs 16,053 per gram, higher by Rs 660.
Hyderabad
Hyderabad sees 22K gold at Rs 14,715 per gram, up Rs 605, while 24K gold is priced at Rs 16,053 per gram, higher by Rs 660.
Jaipur
In Jaipur, 22K gold costs Rs 14,730 per gram, up Rs 605, while 24K gold is priced at Rs 16,068 per gram, higher by Rs 660.
Ahmedabad
Ahmedabad markets price 22K gold at Rs 14,720 per gram, up Rs 605, while 24K gold is sold at Rs 16,058 per gram, higher by Rs 660.
Patna
In Patna, 22K gold costs Rs 14,720 per gram, up Rs 605, while 24K gold is priced at Rs 16,058 per gram, higher by Rs 660.
Lucknow
Lucknow sees 22K gold at Rs 14,730 per gram, up Rs 605, while 24K gold costs Rs 16,068 per gram, higher by Rs 660.
The synchronized rise in both futures and spot prices highlights the robust demand for gold across India, driven by factors such as economic conditions and investor sentiment. Market analysts attribute this surge to increased safe-haven buying and favorable market dynamics, which continue to support the precious metal's appeal among traders and consumers alike.
