Gold prices climbed in futures trade on Friday as firm spot demand and fresh buying by speculators lifted sentiment in the bullion market. According to reports from The Times of India, on the Multi Commodity Exchange (MCX), gold contracts for August delivery rose by ₹689, or 0.45 per cent, to ₹1,52,950 per 10 grams in a business turnover of 1,206 lots. As per news agency PTI, analysts said fresh positions created by traders supported the rally in gold prices.
In the international market, gold futures gained 0.91 per cent to $4,728.57 per ounce in New York, reflecting stronger global sentiment for the precious metal. This international strength provided additional support to domestic gold prices, contributing to the overall positive momentum in the bullion market.
Retail gold rates across major Indian cities recorded gains, with most markets witnessing an uptick in 22K, 24K and 18K prices. According to The Times of India, Bengaluru's 24K gold rate stands at ₹15,268 per gram, while 22K gold is priced at ₹13,995 and 18K at ₹11,451 per gram, all higher than yesterday's levels. Delhi recorded gains with 24K gold at ₹15,288 per gram, 22K at ₹14,010, and 18K at ₹11,466 per gram. Mumbai, Chennai, Kolkata, Hyderabad, Ahmedabad, Jaipur, Bhubaneswar, Pune, Kanpur, and other major cities also witnessed price increases across all gold categories. The latest data shows 24K gold rates ranging from ₹14,058 to ₹15,356 per gram across different cities, with 22K gold rates between ₹13,920 to ₹14,234 per gram.
