Gold Futures Exhibit Divergent Trends on MCX Amid Firm Global Cues
Gold prices displayed a mixed performance in futures trading on Thursday, with near-term contracts experiencing mild profit booking while longer-dated contracts remained supported by firm global cues. This divergence highlights the ongoing volatility in the bullion market, influenced by safe-haven demand and broader macroeconomic uncertainties.
MCX Futures Trading Details
As of 15:22 pm, gold futures for April delivery on the Multi Commodity Exchange (MCX) were trading at Rs 1,58,360 per 10 grams, marking a decline of Rs 395 or 0.25 per cent. The June contract followed a similar trend, dropping by Rs 196 or 0.12 per cent to Rs 1,61,503 per 10 grams. In contrast, the August contract gained Rs 900 or 0.55 per cent, reaching Rs 1,65,053 per 10 grams, indicating stronger support for longer-term positions.
Bullion prices remained largely underpinned by safe-haven demand and global macro uncertainty, even as some profit booking was observed in near-term contracts during the trading session. This pattern reflects investor caution amid fluctuating economic indicators and geopolitical tensions.
Retail Gold Prices Across Major Indian Cities
Here is a detailed look at how much gold costs in major cities today, with most markets reporting slight declines:
- Gold price in Delhi today: Delhi markets saw 22K gold at Rs 14,535 per gram, down Rs 10, while 24K gold stood at Rs 15,855 per gram, lower by Rs 11.
- Gold price in Mumbai today: In Mumbai, 22K gold was quoted at Rs 14,520 per gram, slipping Rs 10, with 24K gold available at Rs 15,840 per gram, down Rs 11.
- Gold price in Chennai today: Chennai bullion rates held steady, with 22K gold at Rs 14,600 per gram, while 24K gold remained unchanged at Rs 15,928 per gram.
- Gold price in Kolkata today: Kolkata retail bullion trade placed 22K gold at Rs 14,520 per gram, down Rs 10, while 24K gold was priced at Rs 15,840 per gram, lower by Rs 11.
- Gold price in Hyderabad today: Hyderabad markets quoted 22K gold at Rs 14,520 per gram, easing Rs 10, while 24K gold was at Rs 15,840 per gram, down Rs 11.
- Gold price in Jaipur today: Jaipur jewellers sold 22K gold at Rs 14,535 per gram, down Rs 10, while 24K gold was priced at Rs 15,855 per gram, lower by Rs 11.
- Gold price in Ahmedabad today: Ahmedabad bullion trade priced 22K gold at Rs 14,525 per gram, down Rs 10, with 24K gold at Rs 15,845 per gram, lower by Rs 11.
- Gold price in Bangalore today: Bangalore markets saw 22K gold retailing at Rs 14,520 per gram, down Rs 10, while 24K gold stood at Rs 15,840 per gram, lower by Rs 11.
- Gold price in Patna today: In Patna, 22K gold was quoted at Rs 14,525 per gram, down Rs 10, while 24K gold was at Rs 15,845 per gram, lower by Rs 11.
- Gold price in Lucknow today: Lucknow jewellers priced 22K gold at Rs 14,535 per gram, down Rs 10, while 24K gold stood at Rs 15,855 per gram, lower by Rs 11.
The consistent minor declines across most cities underscore the impact of local market dynamics and global factors on retail gold pricing, with Chennai being the exception with stable rates.
