Gold Price Today
By Krishna Arya
Website: https://networkbharat.com
Gold price today in India
Gold price today in India : Gold prices in India have entered a volatile phase, surprising investors after recently touching historic highs. While global markets witnessed a sharp rebound in gold prices, domestic rates moved lower due to profit booking and market adjustments. This sudden shift has left buyers, traders, and long-term investors wondering — why did gold fall after reaching record levels?
Let’s break it down in simple terms.
Gold Prices Today in India
According to data released by the Indian Bullion and Jewellers Association (IBJA), gold prices softened at the start of the week:
- 24 Carat Gold: ₹1,52,078 per 10 grams
- 23 Carat Gold: ₹1,51,469 per 10 grams
- 22 Carat Gold: ₹1,39,303 per 10 grams
- 18 Carat Gold: ₹1,14,059 per 10 grams
At the same time, gold futures on the Multi Commodity Exchange (MCX) were trading higher at around ₹1,55,050 per 10 grams, showing mixed signals between spot and futures markets.
Gold Falls From All-Time Highs
Just a few days ago, gold was trading at unprecedented levels. On January 29, gold prices surged to a record high of around ₹1,80,000 per 10 grams in the domestic market. This sharp rise was driven by global uncertainty, safe-haven buying, and strong international demand.
However, such rapid rallies are often followed by corrections — and that’s exactly what the gold market is witnessing now.
Why Did Gold Prices Drop Recently?
1. Profit Booking at Higher Levels
After touching record highs, many investors chose to book profits. When large traders exit positions simultaneously, prices naturally come under pressure. This profit-taking was the biggest reason behind the sudden dip.
2. Mixed Global Signals
International gold prices initially weakened before staging a strong rebound. Spot gold slipped to a session low and then jumped sharply, gaining over 2% in a single session. This kind of movement creates short-term volatility in Indian markets as well.
3. Strength in Futures Market
While spot prices eased, MCX gold futures remained relatively strong. This indicates that traders are still bullish on gold in the medium to long term, even though short-term corrections are taking place.
4. Market Adjustment After Overheating
When prices rise too quickly, markets tend to cool down. Analysts believe the recent fall is a healthy correction rather than a trend reversal.
Gold Rates Across Major Indian Cities
Despite the decline, gold prices remain elevated across major cities:
- Delhi, Lucknow, Jaipur, Chandigarh:
24K – ₹1,56,750 | 22K – ₹1,43,700 | 18K – ₹1,17,600 - Mumbai, Kolkata, Bengaluru, Hyderabad:
24K – ₹1,56,600 | 22K – ₹1,43,550 | 18K – ₹1,17,450 - Chennai:
24K – ₹1,57,310 | 22K – ₹1,44,200 | 18K – ₹1,23,500
City-wise prices show stability with minor regional variations, indicating strong underlying demand.
Should Investors Be Worried?
Market experts suggest there is no immediate cause for concern. Gold continues to remain a preferred asset during uncertain economic conditions. The recent fall is being viewed as a temporary correction, not a collapse.
In fact, such dips often provide a good opportunity for long-term investors to accumulate gold at relatively lower levels.
What Lies Ahead for Gold Prices?
- Global economic uncertainty remains high
- Central bank buying continues
- Inflation and currency fluctuations still support gold
If international prices sustain momentum, Indian gold rates may regain strength in the coming weeks. However, short-term ups and downs are likely to continue.
Final Thoughts
Gold’s recent fall from record highs may look alarming at first glance, but it is largely driven by profit booking and market correction. With global prices rebounding and futures remaining strong, the long-term outlook for gold remains positive.
For investors, staying informed and avoiding panic decisions is key.
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