Gold Rates in India Jump; 24K Gold Crosses Rs 12,300 Across Cities
MCX gold futures jump amid global demand and weak US dollar. Get updated 24K & 22K gold prices today in major Indian cities.
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On Monday, Indian gold prices soared significantly as they continued to record gains for four days in a row in the domestic futures market. The upswing was mainly powered by strong international demand for the metal along with a weak US dollar. Along with short and near-term contracts, the movement in gold was witnessed across the board.
According to the Multi Commodity Exchange (MCX), December gold futures rocketed by Rs 2,033 or 1.7% to end at Rs 1,23,100 per 10 grams. The February 2026 delivery contracts also joined the uptrend and advanced by Rs 1,945 or 1.59% to Rs 1,24,400 per 10 grams.
The encouraging trend was further seen in the international markets as well. On the Comex platform, gold futures rallied by $72.17 or 1.8% to $4,081.97 an ounce, reaching a two-week high. The analysts said that the dollar's weakness added to the strong global interest in buying and thus the rally was seen.
City-Wise Gold Rates Today
Delhi: 24K gold at Rs 12,337 per gram, 22K at Rs 11,310
Mumbai: 24K at Rs 12,322, 22K at Rs 11,295
Bengaluru: 24K at Rs 12,322, 22K at Rs 11,295
Chennai: 24K at Rs 12,448, 22K at Rs 11,410
Kolkata: 24K at Rs 12,322, 22K at Rs 11,295
Hyderabad: 24K at Rs 12,322, 22K at Rs 11,295
Ahmedabad: 24K at Rs 12,327, 22K at Rs 11,300
Jaipur: 24K at Rs 12,337, 22K at Rs 11,310
Bhubaneswar: 24K at Rs 12,322, 22K at Rs 11,295
Kanpur: 24K at Rs 12,337, 22K at Rs 11,310
There are traders who are suggesting that both domestic and world gold markets are taking up the broad economic factors affecting them like currency movements and demand for safe-haven assets. The resultant price surge has increased the interest of investors in buying physical gold as well as investing in gold futures across the different cities of India.
If the global sentiment remains strong and the US dollar loses more ground, analysts say, the local gold prices may keep rolling up for a while longer.
