moneydaily.in

1000030753 Removebg Preview E1736866378367

Gold Price Slips In India, Feb 15: 22k/100 Grams Gold Falls By Rs 10,000, Will Price Rise Next Week?

Gold Price Slips In India, Feb 15: 22k/100 Grams Gold Falls By Rs 10,000, Will Price Rise Next Week?

Gold price in India declined today after witnessing 2-days of gain as a result of profit taking. However, yellow metal prices are likely to rally next week amid uncertainties hovering around US President Donald Trump’s thrust for reciprocal tariffs that could intensify global trade war. 24k gold price today slipped by Rs 1090/10 grams to Rs 86,070/10 grams and 100 grams of 24k precious metal prices stood at Rs 8,60,700 after fall of Rs 10,900. Meanwhile, 22k gold price today edged lower by Rs 1000 to Rs 78,900/10 grams and 100 grams of 22k gold rates fell by Rs 10,000 to Rs 7,89,000.

On the other hand, buyers today heaved a sigh of relief after 18k precious metal prices dipped by Rs 820 to Rs 64,560/10 grams and 100 grams of 18k gold price today stood at Rs 6,45,600 after fall of Rs 8,200. 1 gram gold price for 22k today are retailing at Rs 7,890 after fall of Rs 100, 1 gram gold price for 24k fell by Rs 109 to Rs 8,607, and 1 gram yellow metal price for 18k gold stood at Rs 6,456 after dip of Rs 82, according to Goodreturns.in.

Gold Price Falls In India, Feb 15: 22k/100 Gram Gold Slips Rs 10,000, Will Prices Jump Next Week?

Will Gold Prices Fall Further or Rise Next Week?

According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, “the focus now shifts to upcoming US Retail Sales and Core Retail Sales data, which could influence the next move in gold. The trend remains positive, with ₹85,750 acting as a support zone and ₹87,000 emerging as the next resistance level.”

Meanwhile, according to Reuters, “there is still a bullish trend in gold driven by several factors like tariffs, underlying inflation, and a weaker U.S. dollar, with a growing shift from paper to physical gold further fuelling this trend, said Alex Ebkarian, chief operating officer at Allegiance Gold.

How Much Gold Prices Jumped Since Feb 1? Gold prices have been witnessing steep rally in February. 22k/10 grams gold price in India on Feb 1, 2025 were retailing at Rs 77,450/10 grams. Today, 22k/10 grams yellow metal stood at Rs 78,900/10 grams. It reflects a surge of 1.87% from Feb 1 to Feb 15, 2025.

Spot Gold Prices Today

Spot gold declined 1.6% to $2,882.99 an ounce as of 01:40 p.m. ET (1840 GMT), but still set for a weekly gain of 0.8%. Bullion touched a record peak of $2,942.70 on Tuesday. In other precious metals, spot silver declined 0.3% to $32.27 an ounce, after touching its highest level since October 31, 2024, earlier in the session. Platinum dived 1% to $985.04, while palladium edged lower by 1.1% to $982.9, added the Reuters report.

22k Gold Price In Last 5-Days In India (for 1 gram)

1 gram of 22k gold price in India today dipped by Rs 100, soared by Rs 10 on Feb 14, jumped by Rs 40 on Feb 13, declined by Rs 70 on February 12, and zoomed by Rs 80 on February 11.

Silver Prices Today In India

Silver price in India today remained unchanged. 1 kg Silver price in India on February 15, 2025 stood at Rs 1,00,500. On the other hand, 100 grams silver prices are retailing at Rs 10,050.

1 Gram gold rate today in key metro cities and states of India on Feb 15, 2025

City22k Gold Price Per Gram
Chennai Gold Price Today 22 carat gold rate is Rs 7,890
Mumbai Gold Price Today22K gold price is Rs 7,890
Delhi Gold Rate Today22K yellow metal price is Rs 7,905
Kolkata Gold Price Today22 carat gold price is Rs 7,890
Bangalore Gold Price Today22K gold rate is Rs 7,890
Hyderabad Gold Prices Today22 carat gold rate is Rs 7,890
Kerala Gold Prices Today22 carat gold rate is Rs 7,890
Gold Price In Lucknow Today22 carat gold price is Rs 7,905
Patna Gold Rate Today 22k precious metal price is Rs 7,895

(Gold price figures source: Goodreturns.in)

Disclaimer: The story highlights gold prices and should not be considered an investment advice by Moneydaily.in or the author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. Moneydaily.in advises readers to do their own research or consult an expert before making any investment decisions.

Recommended: Gold Price In India Rises Again, Feb 14: Will Rally In Gold Continue? Silver Jumps Too

Leave a Reply

Your email address will not be published. Required fields are marked *