Gold and Silver rate today (January 11, 2024): Precious metals shine in trade; yellow metal above Rs 62,100
Gold and Silver rate today (January 11, 2024): MCX gold futures (Feb 5) rose 0.12 per cent or Rs 131 at Rs 62,127 per 10 grams. Check out 24k gold price in Mumbai, Delhi and other cities.
)
Gold and Silver rate today (January 11, 2024): Domestic precious metal futures traded higher on Thursday ahead of a crucial US inflation report due today, with markets tempering expectations for Federal Reserve rate cuts early this year.
Last seen, MCX gold futures (Feb 5) rose 0.12 per cent or Rs 131 at Rs 62,127 per 10 grams at the last count, having traded between Rs 62,077 and Rs 62,147 earlier in the day. MCX Silver futures (Mar 5) were up Rs 112 or 0.16 per cent at Rs 72,081 per kg.
Neha Qureshi, Senior Technical & Derivative Research Analyst, Anand Rathi Commodities & Currencies recommended selling gold February futures on rise at 62,000, keeping the stop loss at Rs 62,500 and a target price of Rs 61,500. For silver March futures, she recommended selling on rise at Rs 72,000, with a stop loss of Rs 73,000 and a target of Rs 70,000.
Meanwhile, COMEX gold in the international market was up 0.34 per cent at $2034.6.
"Gold prices are expected to turn volatile post-release of inflation numbers as a focus to remain on interest rate cut probabilities by the end of the first quarter which could keep prices supportive at lower levels in international markets," said Anand Rathi Commodities & Currencies' Qureshi.
Here's an indicative list of spot gold prices in some of the major Indian cities:
City-wise gold rate (24k) in India (January 11, 2024)
Cities | Gold prices for 24k (10 grams) |
Mumbai | Rs 64,175 |
Delhi | Rs 64,315 |
Chennai | Rs 64,350 |
Kolkata | Rs 64,375 |
Bengaluru | Rs 64,370 |
Hyderabad | Rs 64,280 |
Ahmedabad | Rs 64,325 |
Bhopal | Rs 64,205 |
Visakhapatnam | Rs 64,330 |
Jaipur | Rs 64,195 |
Lucknow | Rs 64,265 |
Coimbatore | Rs 64,390 |
Madurai | Rs 64,385 |
(Disclaimer: These are indicative prices collected from trusted sources. Investors are advised to check prices with their jeweller before acting on the information.)
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

Retirement Planning: How one-time investment of Rs 10,00,000 can create Rs 3,00,00,000 retirement corpus

Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 35,000, or Rs 50,000? Know what can be your total pension as per latest DR rates

Dearness Allowance (DA) Calculations: Is your basic monthly salary Rs 25,500, Rs 35,400, or Rs 53,100? Know how much DA will you get at different rates

Fixed Deposit Rates for 1 Lakh Investment: Compare SBI, PNB, HDFC, ICICI, and Post Office 3-year FD returns

Power of Compounding: How long it will take to build Rs 8 crore corpus with Rs 7,000, Rs 11,000 and Rs 16,000 monthly investments
09:29 AM IST