Gold price today: Rates jump on softer US dollar; experts highlight key levels for MCX Gold
Gold Rate Today | Gold Price in India 2 January: Find the latest gold prices for 18, 22, and 24 carat in major cities including Noida, Delhi, Mumbai, and Kolkata. Stay updated with today’s gold price trends.
Gold has long been one of the most prized commodities, deeply embedded in India’s financial and cultural landscape. It plays a central role in everything from weddings and religious ceremonies to investment portfolios, making it highly valued. Gold prices, which change daily, are influenced by various factors such as international market trends, domestic demand, and currency fluctuations.
These prices are particularly sensitive to short-term geopolitical events, stock market performance, and global economic uncertainties. In the past month, gold prices have seen moderate shifts due to global supply and demand imbalances.
Full list of Gold prices today in different Indian cities:
| City | 18K | 22K | 24K |
| Ahmedabad | ₹57,953 (143) | ₹70,831 (174) | ₹77,270 (190) |
| Bangalore | ₹57,915 (135) | ₹70,785 (165) | ₹77,220 (180) |
| Chennai | ₹58,043 (143) | ₹70,941 (174) | ₹77,390 (190) |
| Delhi | ₹57,773 (135) | ₹70,611 (165) | ₹77,030 (180) |
| Hyderabad | ₹57,968 (143) | ₹70,849 (174) | ₹77,290 (190) |
| Kolkata | ₹57,795 (135) | ₹70,638 (165) | ₹77,060 (180) |
| Mumbai | ₹57,870 (135) | ₹70,730 (165) | ₹77,160 (180) |
| Pune | ₹57,870 (135) | ₹70,730 (165) | ₹77,160 (180) |
| Surat | ₹57,953 (143) | ₹70,831 (174) | ₹77,270 (190) |
| Agartala | ₹58,148 | ₹71,069 | ₹77,530 |
| Agra | ₹57,885 | ₹70,748 | ₹77,180 |
| Ahmedabad | ₹57,953 | ₹70,831 | ₹77,270 |
| Aizawl | ₹58,103 | ₹71,014 | ₹77,470 |
| Allahabad | ₹57,885 | ₹70,748 | ₹77,180 |
| Amritsar | ₹57,870 | ₹70,730 | ₹77,160 |
| Aurangabad | ₹57,870 | ₹70,730 | ₹77,160 |
| Bangalore | ₹57,915 | ₹70,785 | ₹77,220 |
| Bareilly | ₹57,885 | ₹70,748 | ₹77,180 |
| Belgaum | ₹57,915 | ₹70,785 | ₹77,220 |
Historically, gold has proven to be a dependable store of value, especially during inflationary times. Many investors turn to gold as a safeguard against currency depreciation, economic instability, and financial crises.
Gold price today: Gold rates rose in the domestic futures market Friday morning amid healthy demand from spot markets, a softer US dollar and easing bond yields. MCX Gold for February 5 expiry traded 0.20 per cent higher at ₹77,870 per 10 grams around 9:20 AM.
In international markets, the yellow metal looked set to clock a weekly gain, with investors focused on US President-elect Donald Trump’s policy changes, which could shape the economic and interest rate outlook.
Experts pointed out that gold and silver started the new year 2025 on a strong note, with the yellow metal crossing the $2,660 mark and silver surpassing $29.40 on Thursday, January 2.
Gold prices have gained on safe-haven demand amid ongoing geopolitical tensions.
Moreover, there are expectations of major policy shifts under the new regime of President Donald Trump, such as higher tariffs and tax cuts. His policies may increase inflationary pressures, enhancing gold’s appeal as a hedge.
“In 2024, gold and silver delivered outstanding performance, with prices surging over 25 per cent. Gold reached a record high of $2,800 ( ₹80,000) on October 31, while silver touched $35 ( ₹100,000) on October 23, driven by their role as safe-haven assets amid geopolitical and economic uncertainties,” Renisha Chainani, Head of Research at Augmont, observed.
According to Rahul Kalantri, VP of commodities at Mehta Equities, investors are now looking ahead to Friday’s release of the ISM manufacturing data, which is expected to provide further direction for the currency.
“Gold has support at $2,640-$2,622 and resistance at $2,671-$2,685, while silver has support at $29.30-$29.12 and resistance at $29.78-$29.95. In INR, gold has support at ₹77,510- ₹77,380, with resistance at ₹77,970- ₹78,110. Silver has support at ₹88,410- ₹87,970 and resistance at ₹89,710- ₹90,280,” said Kalantri.
Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, pointed out that a combination of international strength and currency dynamics has reinforced bullish sentiment for gold.
“Currently, the trading range for gold is seen between ₹76,500 and ₹77,650,” said Trivedi.
With Thanks Reference to: Gold Rate Today, 2 January: Check 18, 22, 24 Carat Gold Prices in all major cities | Business News – The Indian Express and https://www.livemint.com/market/commodities/gold-price-today-rates-jump-on-softer-us-dollar-experts-highlight-key-levels-for-mcx-gold-11735875082082.html
