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

Benefits Of Gold Loans Amid Soaring Yellow Metal Prices

Gold price in India witnessed rally yet again for 2nd day and set for gain for 7th week in a row as US President Donald Trump’s seeks to levy reciprocal tariffs on every nation taxing US imports. Yellow metal price today in the country surged for 2nd consecutive day today after witnessing decline on February 12, 2025 amid worries of global trade war. 24k gold price today firmed by Rs 110 to Rs 87,160/10 grams while 100 grams of 24k precious metal prices surged by Rs 1100 to Rs 8,71,600 on February 14, 2025.

22k yellow metal prices today stood at Rs 79,900/10 grams after gain of Rs 100 and 100 grams of 22k gold rate today soared by Rs 1000 to Rs 7,99,000. On the other hand, 18k gold price today in India are retailing at Rs 65,380/10 grams after jump of Rs 90 and 100 grams of 18k yellow metal prices surged by Rs 900 to Rs 6,53,800, according to Goodreturns.in.

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

Meanwhile, 1 gram gold rate for 24k today stood at Rs 8,716 after surge of Rs 11, 1 gram yellow metal price for 22k is Rs 7990 after jump of Rs 10, and 1 gram of 18k gold price today edged higher by Rs 9 to Rs 6,538.

Will Gold Prices Continue To Rise In India?

According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, “gold prices gained once again despite the US CPI data not rising significantly and the Fed indicating no urgency in cutting rates. The resilience in gold is driven by ongoing global uncertainty, as market participants factor in the potential economic impact of US tariffs. The safe-haven appeal of gold continues to support its strength, keeping the broader bullish sentiment intact. As Gold in comex went pass $2915 and in MCX scaled above Rs 85850. With range of Gold seen between 84500-86250 now.”

According to Reuters, “U.S.-China trade breakthrough, de-escalation in Russia-Ukraine or Israel-Hamas conflicts, or strong U.S. data that takes Fed rate cuts off the table for this year are possible reasons for gold prices to drop and all seem to be unlikely in the near term, said Ilya Spivak, head of global macro at Tastylive.

Spot Gold Prices Today

Spot gold stood at $2,927.50 per ounce, as of 0534 GMT. Yellow metal touched a record peak of $2,942.70 on Tuesday. US gold futures zoomed 0.4% to $2,956.30. Spot silver surged 0.6% to $32.54 per ounce. Platinum gained 0.2% at $997.46 and palladium soared 0.2% to $996.24. All three metals poised for weekly gain, 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 rallied by Rs 10, rose by Rs 40 on Feb 13, fell by Rs 70 on February 12, rallied by Rs 80 on February 11, and edged higher by Rs 35 on February 10.

Silver Prices Today In India

Silver price in India today surged after remained flat for 8 consecutive days. 1 kg Silver price in India on February 14, 2025 rose by Rs 1000 to Rs 1,00,500. On the other hand, 100 grams silver prices rallied by Rs 100 to Rs 10,050.

1 Gram gold price today in key metro cities and states of India on Feb 14, 2025

City22k Gold Price Per Gram
Chennai Gold Price Today 22 carat gold rate is Rs 7,990
Mumbai Gold Price Today22K gold price is Rs 7,990
Delhi Gold Rate Today22K yellow metal price is Rs 8,005
Kolkata Gold Price Today22 carat gold price is Rs 7,990
Bangalore Gold Price Today22K gold rate is Rs 7,990
Hyderabad Gold Prices Today22 carat gold rate is Rs 7,990
Kerala Gold Prices Today22 carat gold rate is Rs 7,990
Gold Price In Lucknow Today22 carat gold price is Rs 8,005
Patna Gold Rate Today 22k precious metal price is Rs 7,995

(Gold price figures source: Goodreturns.in)

Gold Prices Outlook?

According to Mr. Sandip Raichura, CEO – Retail Broking and Distribution, Director – PL Broking and Distribution, “gold prices have remained buoyant over the past week as uncertainty , while reduced to some extent, has not disappeared. Growing concerns about US President Donald Trump’s tariff plans have continued to provide some support to the precious metal apart from softish US yields and DXY.
The US retail sales data on Friday is a key trigger.”

Technically, the gold price maintains a strong uptrend on the daily timeframe as the price holds above the key 100-day Exponential Moving Average (EMA). However, the 14-day Relative Strength Index (RSI) remains in the overbought territory and therefore some bit of a pullback may be there after a sharp rally right upto 2940 levels. The next logical level for the prices remain the sentimental level of USD 3000 which we believe is coming soon after a short pullback, added Sandip Raichura.

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.

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