Gold Price Today (February 15): Yellow metal slips after jittery US inflation data - Check rate in Delhi, Mumbai and other cities

Gold Price Today February 15: Gold prices fell on Wednesday, February 15. The price of the precious metal declined on a firmer dollar, while data showing that US consumer prices last month rose faster than expected, reinforcing investor concerns that the Federal Reserve would persist with monetary policy tightening.

Gold Silver Price On MCX

On Multi Commodity Exchange of India Limited (MCX), Gold April Futures were down by 1.12 per cent to Rs 56,113 per 10 grams in the afternoon trade of February 15. Likewise, Silver March futures on MCX were down by 1.23 per cent to Rs 65,435 per kg.

Gold Silver Price Globally

Globally, Spot gold was down 0.6 per cent at $1,843.79 per ounce, as of 0657 GMT, after falling to its lowest since early January on Tuesday. While Spot silver lost 0.6 per cent to $21.71 per ounce.

US gold futures fell 0.7 per cent to $1,852.40.

Also Read: India's import of Russian crude oil at record high in January

Rising interest rates discourage investors from placing money in non-yielding assets such as gold, said Reuters.

“A more-aggressive tightening path is more likely to weigh on gold over the foreseeable future,” said Reuters citing a senior market analyst at City Index Matt Simpson.

Gold Price City-wise In India as of February 15, 2022, for 24k:

Chennai- Rs 57,980

Mumbai- Rs 57,160

Delhi- Rs 57,310

Kolkata- Rs 57,160

Bangalore- Rs 57,210

Hyderabad- Rs 57,160

Kerala- Rs 57,160

Pune- Rs 57,160

Vadodara- Rs 57,210

Ahmedabad- Rs 57,210

Lucknow- Rs 57,310

Vijayawada- Rs 57,160

Patna- Rs 57,210

Nagpur- Rs 57,160

Chandigarh- Rs 57,310

Surat- Rs 57,210

Bhubaneswar- Rs 57,160

Visakhapatnam- Rs 57,160

Nashik- Rs 57,190

(With Reuters inputs)

(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before investing/purchasing.)

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