Gold Price Today (February 6): Yellow metal rebounds after hitting four-week low - Check rate in Delhi, Mumbai and other cities
Gold Price Today February 6: The precious metal hit a more than four-week low in the morning, as the U.S. dollar firmed after stronger-than-expected jobs data fanned concerns that the Federal Reserve might further increase interest rates
Gold Price Today February 6: The Gold price has regained some ground on Monday, February 6 after hitting a more than four-week low in the early trade. However, a firmer dollar and concerns that the U.S. Federal Reserve might keep hiking interest rates kept bullion below the $1,900-an-ounce level, according to Reuters.
The precious metal hit a more than four-week low in the morning, as the U.S. dollar firmed after stronger-than-expected jobs data fanned concerns that the Federal Reserve might further increase interest rates
Spot gold was up 0.5% at $1,875.20 per ounce as of 0748 GMT, after hitting its lowest level since January 6. Whereas Spot silver rose 0.7% to $22.50 per ounce.
U.S. gold futures rose 0.6% to $1,887.60.
“Markets were initially looking for the first (rate) cut to come in Q3 (post-FOMC but prior to non-farm payrolls release), but expectations for the first cut have now been pushed back to November-December,” said OCBC FX strategist Christopher Wong.
Gold Silver Price On MCX
On Multi Commodity Exchange of India Limited (MCX), Gold April Futures were up by 0.80 percent to Rs 57,035 per 10 grams in the afternoon trade of February 6. Likewise, Silver March futures on MCX were up by 0.35 percent to Rs 67,812 per kg.
Also Read: PAN Aadhar link online status check, SMS number - check last date, penalty amount and fee
Gold Price City-wise In India as of February 6, 2022, for 24k:
Chennai- Rs 58,530
Mumbai- Rs 57,440
Delhi- Rs 57,590
Kolkata- Rs 57,440
Bangalore- Rs 57,490
Hyderabad- Rs 57,440
Kerala- Rs 57,440
Pune- Rs 57,440
Vadodara- Rs 57,490
Ahmedabad- Rs 57,490
Lucknow- Rs 57,590
Vijayawada- Rs 57,440
Patna- Rs 57,490
Nagpur- Rs 57,440
Chandigarh- Rs 57,590
Surat- Rs 57,490
Bhubaneswar- Rs 57,160
Visakhapatnam- Rs 57,440
Nashik- Rs 57,470
(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before investing/purchasing.)
(With Reuters inputs)
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
05:54 PM IST