Gold and Silver rate today (January 15, 2024): Precious metals trade in green; yellow metal above Rs 62,500

Gold and Silver rate today (January 15, 2024): Domestic precious metal futures traded in the positive territory on Monday amid an escalation of geopolitical tensions emanating from the Middle East along with tepid US PPI inflation data (December).

Last seen, MCX gold futures (Feb 5) rose 0.32 per cent or Rs 200 at Rs 62,562 per 10 grams at the last count, having traded between Rs 62,502 and Rs 62,625 earlier in the day. MCX Silver futures (Mar 5) were up Rs 200 or 0.28 per cent at Rs 72,680 per kg.

Meanwhile, COMEX gold in the international market was up over 0.32 per cent at $2058.1.

"Gold dips are likely to find good support on geopolitical concerns; however, the metal will be at a risk of sliding lower in case the tensions remain contained, more so as key macroeconomic data of the US economy remain mostly encouraging. Support is at $2040/$2015/$2000. Resistance is at $2075/$2100," said Praveen Singh – Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas.

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

City-wise gold rate (24k) in India (January 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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