Gold Price Today: Gold trades near 7-month high on MCX - Check rates in Delhi, Mumbai, and other cities

Gold price today: Gold price on Friday, January 6, traded near seven-month highs amid stronger-than-expected jobs data from the US. Private businesses in the US created 235,000 jobs in December 2022, higher than an upwardly revised 182,000 in November, well above market forecasts of 150,000.

On MCX, Gold February futures at 10:55 AM quoted Rs 55,345 per 10 grams, up marginally by Rs 55 or 0.1 per cent. 

Meanwhile, Silver traded Rs 68,330, down by Rs 252 or 0.37 per cent on the multi-commodity exchange.

In the international market, Gold quoted $1,836.70 per ounce while Silver was up by 0.56 per cent at $23.37 per ounce.

The softer Dollar and sharply lower yields are fueling the rally in gold, which has acquired a positive undertone after taking out $1823-$1825 resistance level decisively earlier this week.

Trade call by Kedia Commodity

Gold 

Buy- Rs 55,150

Stop loss- Rs 54,900 

Target- Rs 55,500

Silver

Buy- Rs 68,000

Stop Loss- Rs 67,500

Target- Rs 69,000

Rupee, on the other hand, was trading at 82.55 against the US dollar. The international oil benchmark Brent crude futures was up by 0.75 per cent to USD 79.28 per barrel.

Also Read: Budget 2023: Why investors should keep an eye on railway stocks ahead of Union Budget 

Gold Price City-wise In India as of January 6, 2022, for 22k

Chennai- Rs 51,900

Mumbai- Rs 50,900

Delhi- Rs 51,050

Kolkata- Rs 50,900

Bangalore- Rs 50,950

Hyderabad- Rs 50,900

Kerala- Rs 50,900

Pune- Rs 50,900

Vadodara- Rs50,950

Ahmedabad- Rs50,950

Jaipur- Rs 51,050

Lucknow- Rs 51,050

Coimbatore- Rs 51,900

Madurai- Rs 51,900

Vijayawada- Rs 50,900

Patna- Rs 50,950

Nagpur- Rs 50,900

Chandigarh- Rs 51,050

Surat- Rs 50,950

Bhubaneswar- Rs 50,900

Mangalore- Rs 50,950

Visakhapatnam- Rs 50,900

Nashik- Rs 50,930

(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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