Gold Price Today: Yellow Metal Increases By Rs 158, Silver Falls – Check Rate In Delhi, Mumbai And Other Cities – Explained!

Gold Price Today: Gold costs on Thursday, January 19, elevated by Rs 158 to Rs 56,444 per 10 grams within the futures commerce. The rise within the worth of the dear metallic was as a result of speculators created contemporary positions on a agency spot demand.

On MCX, Gold February Future was buying and selling up by 28 % to Rs 56,444 per 10 grams within the afternoon commerce. In distinction to this, Silver March futures dipped 0.27% to Rs 68,043 per kg.

Gold, Silver Prices Globally
In the worldwide market, Gold costs inched increased as buyers weighed the possibilities of the U.S. Federal Reserve slowing its tempo of rate of interest hikes.

Spot Gold was up 0.3% at $1,908.54 per ounce, as of 0725 GMT. Whereas Spot Silver misplaced 0.3% to $23.36 per ounce.

U.S. Gold Futures rose 0.2% to $1,909.90.

Few Fed officers signalled on Wednesday that they might push on with extra rate of interest hikes, whereas Philadelphia Fed President Patrick Harker and Dallas Fed President Lorie Logan stated they supported a slower tempo of tightening, stated Reuters.

Traders are principally pricing in a 25-foundation level charge hike on the Fed’s Jan 31 – Feb 1 assembly, Reuters reported. Last 12 months, the U.S. central financial institution slowed its tempo of hikes to 50 bps in December after 4 straight 75-bp will increase.

Gold Price City-wise In India as of January 19, 2022, for 24k:

Chennai- Rs 57,710

Mumbai- Rs 56,730

Delhi- Rs 56,890

Kolkata- Rs 56,730

Bangalore- Rs 56,780

Hyderabad- Rs 56,730

Kerala- Rs 56,730

Pune- Rs 56,730

Vadodara- Rs 56,780

Ahmedabad- Rs 56,780

Lucknow- Rs 56,890

Vijayawada- Rs 56,730

Patna- Rs 56,780

Nagpur- Rs 56,730

Chandigarh- Rs 56,890

Surat- Rs 56,780

Bhubaneswar- Rs 56,730

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Visakhapatnam- Rs 56,730

Nashik- Rs 56,760

[Disclaimer: This story was automatically generated by a computer program and was not created or edited by Journalpur Staff. Publisher: Journalpur.com]

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