In Mumbai, 24-carat gold was priced at Rs 1,30,430 per 10 grams, while 22-carat gold stood at Rs 1,19,560 per 10 grams. The rates do not include GST or making charges
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Gold prices witnessed a mild uptick on Tuesday as investors awaited signals from the US Federal Reserve’s policy meeting scheduled later this week. In Mumbai, 24-carat gold was priced at Rs 1,30,430 per 10 grams, while 22-carat gold stood at Rs 1,19,560 per 10 grams. The rates do not include GST or making charges.
Silver, meanwhile, recorded a slight decline in the spot market and was priced at Rs 1,88,900 per kg.
On the Multi Commodity Exchange (MCX), gold futures for February 5, 2026, expiry traded at Rs 1,30,100 per 10 grams, up 0.11 per cent. Silver futures expiring on March 5, 2026, were quoted at Rs 1,81,669 per kg, marking a 0.51 per cent rise.
Across major Indian cities, gold prices remained fairly steady. In Delhi and Jaipur, 22-carat gold was priced at Rs 1,19,710 per 10 grams, while 24-carat gold stood at Rs 1,30,580. In Ahmedabad and Pune, 22-carat gold was available at Rs 1,19,610, and 24-carat at Rs 1,30,480. Mumbai, Hyderabad, Chennai, Bengaluru and Kolkata reported identical rates of Rs 1,19,560 for 22-carat and Rs 1,30,430 for 24-carat gold.
Globally, gold prices inched up as traders scaled back expectations of aggressive US rate cuts. Spot gold rose 0.1 per cent to USD 4,194.83 per ounce, while US gold futures for December delivery were up 0.2 per cent at USD 4,223.60.
Among other precious metals, silver dipped 0.1 per cent to USD 58.05 per ounce. Platinum gained 0.4 per cent to USD 1,649.46, and palladium advanced 0.6 per cent to USD 1,473.32.
On Monday, Gold prices fell by Rs 300 to Rs 1,32,600 per 10 grams in the national capital on Monday due to subdued demand in the local markets, according to the All India Sarafa Association.
The precious metal of 99.9 per cent purity had closed at Rs 1,32,900 per 10 grams on Friday.
However, silver prices jumped by Rs 1,500 to Rs 1,85,000 per kilogram (inclusive of all taxes), marking their second consecutive day of gains. It had settled at Rs 1,83,500 per kg in the previous market session.
Globally, spot gold rose by 0.18 per cent to USD 4,205.26 per ounce.
Meanwhile, spot silver was trading marginally higher at USD 58.41 per ounce. On Friday, the white metal had soared by USD 2.2 or 3.84 per cent to touch an all-time high of USD 59.33 per ounce before settling at USD 58.39 per ounce.
(With inputs from Agencies)
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