February 1, 2026 11:08 AM

Gold prices plunge nearly 20 pc in two days amid market volatility

Gold prices witnessed a sharp correction of around 20 per cent over the past two days amid extreme volatility in commodity markets, according to data from the Multi Commodity Exchange (MCX). Prices continued to slide on Sunday, Budget day, with 24-carat gold on the MCX falling to Rs 1,36,185 per 10 grams. Gold had opened the session at Rs 1,46,800 per 10 grams, reflecting sustained selling pressure and sharp intraday swings. Gold prices have remained highly volatile in recent sessions. On Satu...

November 20, 2025 2:06 PM

Gold edges lower on stronger dollar, Fed minutes weigh on rate-cut hopes

Gold prices traded slightly lower on the MCX on Thursday morning as a stronger US dollar and fresh signals from the US Federal Reserve weighed on investor sentiment. Around 9:45 am, MCX Gold December futures were down 0.23 per cent at Rs 1,22,768 per 10 grams. In contrast, silver prices moved up, with MCX Silver trading 0.39 per cent higher at Rs 1,55,717 per kg. "Gold has support at Rs 1,22,200 and Rs 1,21,650 and resistance is at Rs 1,23,800 and Rs 1,24,400 while silver has support at Rs 1,...

October 8, 2025 9:27 AM

Gold builds on historic rally, soars past $4,000 an ounce for first time

Gold pushed through $4,000 an ounce to hit a record on Wednesday, driven by investors seeking safety from mounting economic and geopolitical uncertainty, alongside expectations of further interest rate cuts by the U.S. Federal Reserve. Spot gold XAU was up 0.7% at $4,011.18 per ounce by 0300 GMT. U.S. gold futures GCv1 for December delivery gained 0.7% to $4,033.40 per ounce. Traditionally, gold is seen as a store of value during times of instability. Spot gold is up 53% year-to-date after ris...

September 16, 2025 12:35 PM

Gold prices hit record high amid safe-haven demand, US Fed rate cut expectations

Gold prices surged to a fresh record high on Tuesday, crossing the ₹1,10,000 mark, as heightened safe-haven demand and anticipation of a US Federal Reserve rate cut boosted the yellow metal. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold stood at ₹10,951 per gram as of 10:17 am. Earlier in the day, gold touched ₹1,10,650 per 10 grams, up from ₹1,09,820 on Monday. In global markets, spot gold was priced at $3,679 per ounce, just shy of Monday...

June 13, 2025 2:20 PM

Gold crosses ₹1 lakh on MCX as Israel-Iran tensions fuel safe-haven demand

Gold prices on the Multi Commodity Exchange (MCX) opened sharply higher on Friday, breaching the ₹1 lakh mark per 10 grams for the first time. The rally was driven by rising geopolitical tensions in the Middle East, which boosted safe-haven demand for the yellow metal. Silver prices also saw gains in early trade. MCX gold opened at ₹99,500 per 10 grams, up ₹1,108 or 1.12% from the previous close of ₹98,392. Shortly after, prices surged to ₹1,00,403, crossing the psychological ₹1 lak...

April 22, 2025 2:34 PM

Gold hits Rs 1 lakh per 10 grams for the first time

Gold prices soared to an all-time high on Tuesday, with the rate of 24-carat gold touching Rs 1,00,000 per 10 grams for the first time ever.   According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold surged sharply from Rs 96,670 to Rs 1,00,000 per 10 grams — a steep rise of Rs 3,300 within 24 hours.   Other gold categories also witnessed a significant hike. The price of 22-carat gold climbed to Rs 97,600 per 10 grams, 20-carat gold reached Rs 89,000, a...

April 21, 2025 3:33 PM

Gold hits record ₹96,805, may soon cross ₹1 lakh

Gold prices in India hit a new all-time high of ₹96,805 per 10 grams on Monday on the Multi Commodity Exchange (MCX), driven by global trade tensions and a weakening US dollar.   By 1:30 PM, the MCX Gold June 5 contract was trading 1.65% higher at ₹96,830 per 10 grams.   Spot prices also saw a sharp uptick. According to the India Bullion and Jewellers Association (IBJA), 24-carat gold (999 purity) was priced at ₹9,659 per gram, while 22-carat stood at ₹9,427. Rates for 20-carat and...

April 16, 2025 4:13 PM

Gold hits new high, climbs over Rs 95,000 on MCX

Gold prices on the Multi Commodity Exchange of India (MCX) surged to yet another record high on Wednesday, fueled by a weakening US dollar and escalating global trade tensions. As of 3:07 PM, gold was trading at ₹95,172 per 10 grams, after reaching an all-time high of ₹95,435." Gold prices globally have also been hitting fresh highs, surpassing USD 3,300 per ounce. The latest rise in global gold prices is also attributed to strong demand, including investments from various central banks th...

March 13, 2025 3:19 PM

Gold prices hit all-time high, cross Rs 86,875 per 10 grams

Gold prices on Thursday reached a new all-time high amid market uncertainties. On the Multi Commodity Exchange (MCX), 24-carat gold April futures rose by 0.21 per cent to touch Rs 86,875 per 10 grams. The surge in gold prices is mainly driven by global instability. Uncertainty surrounding US President Donald Trump’s tariff policies has led investors to turn to gold as a safe-haven asset. As a result, international gold prices have climbed to $2,945 per ounce on March 13. According to the I...

February 10, 2025 6:31 PM

Gold prices surge to record high of ₹87,210 per 10g amid global economic uncertainty

Gold prices in India surged to an all-time high on Monday, with 10 grams of 24K gold reaching ₹87,210, while 1 gram was priced at ₹8,721. The steady rise in prices reflects increasing investor interest in the precious metal as global economic uncertainty fuels demand for safe-haven assets. Since the beginning of February, gold has been on an upward trajectory. On February 1, 22K gold was priced at ₹7,760 per gram, while 24K gold stood at ₹8,464 per gram. Over the course of ten days, pri...