Gold Price Today: Yellow metal falls on rising dollar - Check rate in Delhi, Mumbai and other cities

Gold Price Today: Gold prices on Saturday, January 21, declined by Rs 176 to Rs 56,674 per 10 grams in the futures trade. Precious metal on Friday rose by half a per cent to a record high tracking global benchmarks. 

Weakness in the US dollar made the yellow metal more attractive to those holding other currencies and safe-haven demand.

On MCX, Gold February Future trading was up by 0.23 percent to Rs 56,674 per 10 grams in the afternoon trade of January 21. Likewise, Silver March futures increased by 0.34% to Rs 68,594 per kg.

Gold, Silver Prices Globally
In the international market, Spot gold fell on Friday by 0.2% to $1,928.06 per ounce by 1:49 p.m. ET (1849 GMT), after rising to its highest since April 22 at $1,937.49 earlier in the session. In contrast, silver rose 0.3% to $23.90 per ounce.

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"The U.S. dollar is finding some form of stability and in turn, we could see gold prices heading lower into next week," said Reuters on Friday citing Daniel Ghali, commodity strategist at TD Securities.

Gold Price City-wise In India as of January 21, 2022, for 24k:

Chennai- Rs 58,040

Mumbai- Rs 57,060

Delhi- Rs 57,210

Kolkata- Rs 57,060

Bangalore- Rs 57,110

Hyderabad- Rs 57,060

Kerala- Rs 57,060

Pune- Rs 57,060

Vadodara- Rs 57,110

Ahmedabad- Rs 57,110

Lucknow- Rs 57,210

Vijayawada- Rs 57,060

Patna- Rs 57,110

Nagpur- Rs 57,060

Chandigarh- Rs 57,210

Surat- Rs 57,110

Bhubaneswar- Rs 57,060

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Visakhapatnam- Rs 57,060

Nashik- Rs 57,090

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

(With inputs from Reuters)