24K & 22K Gold Price Today: Gold prices climbed to a fresh record on Wednesday, tracking a sharp rally in silver and supported by a weaker US dollar and strong safe-haven demand.
Gold futures also witnessed strong buying interest. MCX gold February contracts rose Rs 4,730, or 3 per cent, to touch a fresh lifetime high of Rs 1,62,429 per 10 grams.
Analysts said bullion prices continued their upward momentum amid a sharp fall in the US dollar, heightened geopolitical tensions and sustained investor demand for safe-haven assets.
Gold prices overseas mirrored the rally. Comex gold futures for February delivery rose USD 168.5, or 3.31 per cent, to a new record of USD 5,251.1 per ounce.
Gold crossed the $5,200 mark for the first time after gaining more than 3 per cent in early trade, as the dollar slipped to near four-year lows amid ongoing geopolitical concerns and ahead of the US Federal Reserve’s monetary policy decision, said Manav Modi, Commodities Analyst at Motilal Oswal Financial Services Ltd.
Modi said the US dollar was facing a crisis of confidence after President Donald Trump remarked that the currency’s value is “great,” triggering further selling pressure and lifting bullion prices.
On the macro front, US data showed consumer confidence fell to its lowest level in over 11 years in January, weighed down by concerns over a softening labour market and elevated prices. Trump also said he would soon announce his nominee for the next US central bank chief and predicted interest rates would fall once the new chair takes charge.
Traders noted that Gold Rates in India rallied, with Gold prices in Delhi and other key metros reflecting the latest rise.
Gold Rates Across Major Cities In India On Jan 28
Gold Prices in Delhi Today (Per 1 Gram)
24 Karat - 16,530
22 Karat- 15,155
18 Karat- 12,403
Gold Prices in Chennai Today (Per 1 Gram)
24 Karat - 16,734
22 Karat- 15,330
18 Karat- 12,785
Gold Prices in Bengaluru Today (Per 1 Gram)
24 Karat - 16,517
22 Karat- 15,140
18 Karat- 12,388
Gold Prices in Mumbai Today (Per 1 Gram)
24 Karat - 16,517
22 Karat- 15,140
18 Karat- 12,388
Gold Prices in Pune Today (Per 1 Gram)
24 Karat - 16,517
22 Karat- 15,140
18 Karat- 12,388
Gold Prices in Kolkata Today (Per 1 Gram)
24 Karat - 16,517
22 Karat- 15,140
18 Karat- 12,388
Gold Price Today in Major Indian Cities
| City | 24k Gold Per Gram | 22k Gold Per Gram | 18k Gold Per Gram |
| Gold Rate in Hyderabad | 16,517 | 15,140 | 12,388 |
| Gold Rate in Ahmedabad | 16,520 | 15,145 | 12,393 |
| Gold Rate in Indore | 16,520 | 15,145 | 12,393 |
| Gold Rate in Lucknow | 16,530 | 15,155 | 12,403 |
| Gold Rate in Coimbatore | 16,734 | 15,330 | 12,785 |
| Gold Rate in Bhubaneswar | 16,517 | 15,140 | 12,388 |
| Gold Rate in Mysore | 16,517 | 15,140 | 12,388 |
| Gold Rate in Kanpur | 16,530 | 15,155 | 12,403 |
| Gold Rate in Salem | 16,734 | 15,330 | 12.785 |
| Gold Rate in Visakhapatnam | 16,517 | 15,140 | 12,388 |
| Gold Rate in Vijayawada | 16,517 | 15,140 | 12,388 |
| Gold Rate in Patna | 16,520 | 15,145 | 12,393 |
To check Silver price in India today, click here.