Gold price today, February 24: Yellow metal gains on MCX as dollar slips - Check rates in Delhi, Mumbai and other cities

Gold price today, February 24: Gold traded in the green on Multi Commodity Exchange (MCX) on Friday amid mixed global cues and rupee gaining against US dollar. Gold April Futures were trading at Rs 55,743 per 10 grams, up Rs 156 or 0.28 per cent, around 13:30 PM.

Silver, on the other hand, was down 0.13 per cent as March Futures quoted at Rs 65,642 per kg on MCX.

The price of yellow metal rose on Friday amid US dollar weakening and investors' worries that the US economic data could support the Fed’s stance on higher interest rate regime.

Spot Gold was up marginally to quote at $1,826.45 per ounce.

Trade call by Axis Securities

Gold April Contract

Sell- Rs 55,850

Stop Loss- Rs 56,050

Target- Rs 55,600

Silver March Contract

Sell- Rs  64,600

Stop Loss- Rs 67,000

Target- Rs 64,000

Also Read: Income Tax: What are the 3 deductions under the new tax regime?

Meanwhile, the rupee was trading at 82.74 against the US dollar. The international oil benchmark Brent crude futures was up by 0.75 per cent to USD 82.83 per barrel.

Gold Price City-wise In India as of February 24, 2023, for 22k

Chennai - Rs  52,350

Mumbai - Rs  51,700

Delhi - Rs  51,950

Kolkata - Rs  51,700

Bangalore - Rs  51,850

Hyderabad - Rs  51,700

Kerala - Rs  51,700

Pune - Rs  51,700

Vadodara - Rs  51,850

Ahmedabad - Rs  51,850

Jaipur - Rs  51,950

Lucknow - Rs  51,950

Coimbatore - Rs  52,350

Madurai - Rs  52,350

Vijayawada - Rs  51,700

Patna - Rs  51,850

Nagpur - Rs  51,700

Chandigarh - Rs  51,950

Surat - Rs  51,850

Bhubaneswar - Rs  51,700

Mangalore - Rs  51,850

Visakhapatnam - Rs  51,700

Nashik - Rs  51,700

(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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