Gold price today, February 22: Yellow metal flat as focus shifts on Fed meeting minutes - Check rates in Delhi, Mumbai and other cities

Gold price today: Gold is trading flat on Multi Commodity Exchange (MCX) on Wednesday amid weak global cues and strengthening of the US dollar ahead of the release of the minutes of the Federal Reserve's latest policy meeting. Investors expect that the minutes will offer clues on further interest rate regime in the world's largest economy. Minutes from the Fed's latest policy meeting are due today.

On MCX, Gold April Futures were trading at Rs 56,140 per 10 grams, down 0.05 per cent around 11 AM. Silver March Futures were trading at Rs 65,843 per kg, down by 0.32 per cent.

In the international market, Gold was quoting at $1,835.36 per ounce while Silver was flat at $21.81 per ounce.

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Trade call by Kedia Commodities

Gold April Contract

Sell - Rs 56,400

Stop loss- Rs 56,600

Target- Rs 55,900

Silver March Contract

Sell- Rs 66,400

Stop Loss- Rs 66,900

Target- Rs 65,400

Meanwhile, the rupee was trading at 82.80 against the US dollar. The international oil benchmark Brent crude futures was up by 0.17 per cent to USD 82.91 per barrel.

Gold Price City-wise In India as of February 22, 2023, for 22k

Chennai - Rs  52,750

Mumbai - Rs  52,000

Delhi - Rs  52,150

Kolkata - Rs  52,000

Bangalore - Rs  52,050

Hyderabad - Rs  52,000

Kerala - Rs  52,000

Pune - Rs  52,000

Vadodara - Rs  52,050

Ahmedabad - Rs  52,050

Jaipur - Rs  52,150

Lucknow - Rs  52,150

Coimbatore - Rs  52,750

Madurai - Rs  52,750

Vijayawada - Rs  52,000

Patna - Rs  52,050

Nagpur - Rs  52,000

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

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