Gold Price Today in India: Gold rates in Delhi, Mumbai & other cities

New Delhi: Gold prices today in India jumped Rs 117 per unit to Rs 69,082 per 10 gm after the RBI’s monetary policy committee decided to keep the repo rate unchanged. Gold contracts on MCX Exchange surged 0.17 per cent at Rs 69,082 per 10 grams in a business turnover of 17,967 lots. The decision to keep the repo rate unchanged is likely to have dashed investors’ expectations, which was witnessed in the decline in Sensex and Nifty right after the RBI MPC announcement.

RBI governor Shaktikanta Das’ inflation forecast coupled with the reduction in Q1 GDP outlook indicated that inflation will not be able to meet the RBI’s 4 per cent target anytime soon. Moreover, the RBI governor wanted of stubborn food inflation and tracking its trajectory to keep second-round effects in check. Food inflation may creep into core inflation, leading to another round of surge in headline inflation if left unchecked, warned Das.

Gold price today in India

Gold prices today in major cities

Key contributors to gold prices

Gold prices slipped on Wednesday owing to better-than-expected US Treasury yields and a rise in the dollar index
Thursday gold prices inched up after the RBI decided to keep repo rate unchanged for the 9th straight cycle
All eyes will be on US weekly jobless claims data, according to  Rahul Kalantri, VP of Commodities at Mehta Equities
Escalation of tension in the Israel-Hamas conflict has led to gold price volatility
Gold prices moderated to some extent in India in recent weeks owing to a duty cut on gold imports
 Gold Price Today in India: Yellow metal rates surged Rs 117 per 10 gm to Rs 69,082 per 10 gm, according to MCX data after RBI’s decision to keep the repo rate unchanged triggered market volatility.  Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today