Gold & Silver surge amid global uncertainty (Internet)
New Delhi: Gold prices continue to fluctuate sharply as global geopolitical tensions-particularly uncertainty surrounding the ongoing ceasefire between the United States and Iran-drive investors toward safe-haven assets. This heightened demand has kept bullion markets active, with both upward momentum and intermittent corrections visible over recent days.
MCX Gold Futures Show Marginal Uptick
On the Multi Commodity Exchange (MCX), 24-carat gold futures edged higher on Saturday morning, rising by Rs 38 (0.02%) to Rs 1,52,690 per 10 grams, compared to the previous close of Rs 1,52,652. Despite the modest gain, gold remains below its all-time high of Rs 1,80,779 per 10 grams recorded on January 29, 2026.
Strong Demand in Domestic Bullion Market
In the Delhi bullion market, gold prices surged by Rs 400 to Rs 1,55,300 per 10 grams (inclusive of taxes), up from Rs 1,54,900 in the previous session, according to the All India Bullion Association. This rise highlights sustained domestic demand amid global uncertainty.
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IBJA Rates Hold Steady Over Weekend
As per the Indian Bullion and Jewellers Association (IBJA), the latest gold prices (per 10 grams) are:
With markets closed over the weekend, these rates remain applicable until trading resumes.
Why Gold Prices Differ Across Platforms
Price variations across MCX, IBJA, and retail markets are due to factors such as GST, making charges, local demand-supply conditions, and regional pricing dynamics. Retail platforms currently indicate 24-carat gold trading around Rs 1,52,510 per 10 grams.
City-Wise Gold Rates
Gold prices vary slightly across major cities:
Delhi, Noida, Gurugram, Lucknow
24 Carat: Rs 1,52,510
22 Carat: Rs 1,39,810
18 Carat: Rs 1,14,420
Mumbai, Kolkata, Hyderabad, Pune
24 Carat: Rs 1,52,360
22 Carat: Rs 1,39,660
18 Carat: Rs 1,14,270
Chennai (Highest Rates)
24 Carat: Rs 1,54,100
22 Carat: Rs 1,41,260
18 Carat: Rs 1,17,760
Prices remain broadly aligned in cities like Patna, Jaipur, Chandigarh, Ahmedabad, Surat, Indore, and Nagpur.
Weekly Performance Shows Strong Momentum
Gold prices recorded a strong rally on Friday, climbing to Rs Rs 1,55,300 per 10 grams in the Delhi market. Over the week, prices rose by approximately Rs 3,800 (2.51%), reflecting sustained investor confidence.
Futures Market Sees Mild Correction
Despite gains in the spot market, gold futures experienced a slight decline on Friday, falling by Rs 1,363 to settle at Rs 1,52,071 per 10 grams. The dip was attributed to subdued spot demand and profit-booking by traders.
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Global Trends Support Gold
In international markets, spot gold touched $4,777.17 per ounce, while futures slipped marginally to $4,743.99 per ounce. A weakening US dollar and persistent geopolitical risks continue to support gold prices globally.
