Gold and Silver rate today (January 19, 2024): Yellow metal inches higher, hovered near Rs 61,900
Gold and Silver rate today (January 19, 2024): MCX gold futures (Feb 5) were flat with a positive bias at Rs 61,536 per 10 grams. Check out 24k gold price in Mumbai, Delhi and other cities.
Gold and Silver rate today (January 19, 2024): Domestic yellow metal futures inched higher on Friday, while white metal futures remained flat as traders considered the Federal Reserve's interest rate plans following a surprising drop in jobless claims, indicating a strong US labor market.
Last seen, MCX gold futures (Feb 5) were up 0.2 per cent or Rs 121 at Rs 61,890 per 10 grams at the last count, having traded between Rs 61,854 and Rs 61,898 earlier in the day. MCX Silver futures (Mar 5) were flat with a positive bias at Rs 71,628 per kg.
Neha Qureshi, Senior Technical & Derivative Research Analyst, Anand Rathi Commodities & Currencies recommended buying gold February futures on dips at 61,800, keeping the stop loss at Rs 61,600 and a target price of Rs 62,200. For silver March futures, she recommended buying on dips at Rs 71,500, with a stop loss of Rs 70,500 and a target of Rs 70,300.
Meanwhile, COMEX gold in the international market was up 0.13 per cent at $2024.2
"Anticipated overall movement suggests prices may stay within a range today, leaning slightly negative. Preliminary consumer sentiments are expected to influence inflation expectations in the near term, potentially impacting sentiments later in the day," 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 (January 19, 2024)
Cities | Gold prices for 24k (10 grams) |
Mumbai | Rs 63,690 |
Delhi | Rs 63,825 |
Chennai | Rs 63,805 |
Kolkata | Rs 63,860 |
Bengaluru | Rs 63,870 |
Hyderabad | Rs 63,825 |
Ahmedabad | Rs 63,805 |
Bhopal | Rs 63,600 |
Visakhapatnam | Rs 63,845 |
Jaipur | Rs 63,700 |
Lucknow | Rs 63,555 |
Coimbatore | Rs 63,920 |
Madurai | Rs 63,955 |
(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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