Gold prices in India rose sharply on Monday, February 9, tracking gains in global bullion markets amid renewed safe-haven demand. The surge came as investors turned cautious following mixed signals around US-Iran nuclear talks and ahead of key US economic data later this week.
As per latest data, 24-carat gold prices in India climbed by Rs 224 per gram to Rs 15,884, while 22-carat gold rose Rs 205 to Rs 14,560 per gram. 18-carat gold increased by Rs 168 to Rs 11,913 per gram, reflecting a broad-based rise across purity levels.
For larger quantities, the price of 10 grams of 24-carat gold stood at Rs 1,58,840, up Rs 2,240 from the previous session, while 100 grams surged by Rs 22,400 to Rs 15,88,400. Similarly, 10 grams of 22-carat gold rose to Rs 1,45,600, registering a Rs 2,050 increase day-on-day.
The rally in domestic prices mirrored strength in international markets, where gold moved closer to the $5,000 per ounce mark as investors sought protection amid geopolitical uncertainty and shifting expectations around US interest rates.
Silver prices also showed strong momentum, reinforcing the broader move into precious metals. Market participants continue to closely monitor global developments, currency movements, and upcoming macroeconomic data for further cues on bullion prices.
Note: Gold prices are indicative and do not include GST, TCS, or other applicable charges.