Gold and Silver rate today (February 15, 2024): Precious metals trade lower; yellow metal below Rs 61,350; white metal below Rs 70,100

Gold and Silver rate today (February 15, 2024): Domestic precious metal futures traded in red on Thursday as stronger-than-expected US inflation data exerted some selling pressure.

Last seen, MCX gold futures (Apr 5) were down 0.2 per cent or Rs 123 at Rs 61,320 per 10 grams at the last count, having traded between Rs 61,284 and Rs 61,412 earlier in the day. MCX Silver futures (Mar 5) declined 0.12 per cent or Rs 87 at Rs 70,065 per kg.

Neha Qureshi, Senior Technical and derivative Research Analyst, Anand Rathi Commodities & Currencies recommended selling gold April futures on the rise at 61,400, keeping the stop loss at Rs 61,800 and a target price of Rs 61,000. For silver March futures, she recommended buying on the dips at Rs 70,000, with a stop loss of Rs 69,100 and a target of Rs 72,100.

Meanwhile, COMEX gold in the international market was down 0.10 per cent at $2002.3.

"We could witness consolidation in Gold in the range of $ 1980 – 2000 per ounce in spot in short term perspective while Silver remains a preferred bet as compared to Gold as white metal could likely bottom out in short term scenario with Rs. 69100 – 68500 remains a very strong support zone," said Anand Rathi Commodities & Currencies' Qureshi.

Here's an indicative list of spot gold prices in some of the major Indian cities:   

City-wise gold rate (24k) in India (February 15, 2024)

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before acting on the information.)

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