Gold Prices in India Maintain Strength Amid Futures Market Gains
Gold prices in India remained firm on Wednesday, tracking significant gains in the futures market, while retail rates across various cities exhibited a consistent upward trend. This movement reflects broad-based strength in the precious metal, driven by market dynamics and investor sentiment.
Futures Market Performance on MCX
On the Multi Commodity Exchange (MCX), gold futures continued to trade higher, with all major contracts posting notable gains. The June 5, 2026 contract was trading at Rs 1,52,113 per 10 grams, marking an increase of Rs 1,352 or 0.90%. During the session, it fluctuated between Rs 1,51,068 and Rs 1,52,758, indicating active trading and volatility.
The August 5, 2026 contract rose by Rs 1,777 or 1.16% to reach Rs 1,54,378 per 10 grams. Meanwhile, the near-term April 2, 2026 contract gained Rs 2,281 or 1.55%, trading at Rs 1,49,200 per 10 grams. These increases across different maturities suggest a robust demand and positive outlook for gold in the Indian market.
Retail Gold Prices Across Major Indian Cities
Retail gold prices across major cities in India showed an upward trend, aligning with the futures market gains. Here is a detailed breakdown of the prices:
- Delhi: 24K gold was quoted at Rs 14,884 per gram, up Rs 141, while 22K gold increased by Rs 130 to Rs 13,645 per gram.
- Mumbai: 24K gold was priced at Rs 15,148 per gram, up Rs 279, and 22K gold stood at Rs 13,885 per gram, higher by Rs 255.
- Chennai: 24K gold was selling at Rs 15,327 per gram, up Rs 414, while 22K gold moved up by Rs 380 to Rs 14,050 per gram.
- Kolkata: 24K gold was quoted at Rs 15,148 per gram, up Rs 279, while 22K gold stood at Rs 13,885 per gram, gaining Rs 255.
- Hyderabad: 24K gold was priced at Rs 14,869 per gram, up Rs 141, and 22K gold was at Rs 13,630 per gram, higher by Rs 130.
- Bangalore: 24K gold was quoted at Rs 14,869 per gram, up Rs 141, while 22K gold increased to Rs 13,630 per gram, up Rs 130.
- Ahmedabad: 24K gold was priced at Rs 15,153 per gram, up Rs 279, while 22K gold stood at Rs 13,890 per gram, higher by Rs 255.
- Patna: 24K gold was quoted at Rs 15,153 per gram, up Rs 279, and 22K gold at Rs 13,890 per gram, gaining Rs 255.
- Jaipur: 24K gold was priced at Rs 15,163 per gram, up Rs 279, while 22K gold rose to Rs 13,900 per gram, higher by Rs 255.
- Lucknow: 24K gold was quoted at Rs 15,163 per gram, up Rs 279, and 22K gold at Rs 13,900 per gram, gaining Rs 255.
These price movements highlight a widespread increase in gold rates, with cities like Chennai showing the highest gains, while others like Delhi and Hyderabad saw more moderate rises. The consistency across cities underscores the firmness of gold prices in the Indian market, driven by factors such as global trends, currency fluctuations, and local demand.
Overall, the data indicates a positive trend for gold investors and consumers, with both futures and retail markets reflecting strength. This upward movement may influence future trading strategies and consumer purchasing decisions in the coming days.
