Gold Price Steadies In India, Feb 7: Are Gold Rates Likely To Hit New High?

Gold prices in India remained steady on Friday but still continue to hover near record high range as trade war worries triggered safe-have buying. Meanwhile, investors are looking forward to crucial US payrolls report likely to be released later today for more cues on interest rate trajectory. 24K gold price in India today is retailing at Rs 86,510/10 grams and 100 grams of 24k precious metal prices stood at Rs 8,65,100. Meanwhile, 22k yellow metal prices today stayed unchanged at Rs 79,300/10 grams and 100 grams of 22k gold price in the country today stayed unmoved at Rs 7,93,000.

18k gold price today in India stood at Rs 64,880/10 grams and 100 grams of 18k precious metal prices remained unchanged at Rs 6,48,800. 1 gram gold price today for 22k stood at Rs 7,930, 1 gram gold rate for 24k is retailing at Rs 8,651, and 1 gram yellow metal prices remained stable at Rs 6,488, as per Goodreturns.in.

How Much Gold Prices Rallied From Feb 1 To Feb 7?

Gold prices witnessed steep rally in last 1-week span and currently yellow metal prices have touched near record high levels. 1 gram gold price for 22k surged 2.39% in a span of just 7 days beginning from February 1 to February 7, 2025. 22k/gram gold prices stood at Rs 7745/gram on February 1 and today the prices surged to Rs 7,930/gram, indicating a jump of 2.39%.

Spot Gold Prices Today

Spot gold soared 0.3% at $2,864.11 per ounce, as of 0721 GMT, and rallied over 2% this week. Yellow metal touched an all-time high at $2,882.16 on February 5, 2024. Spot silver zoomed 0.2% to $32.26 per ounce and platinum remained stable at $985.80. Meanwhile, palladium fell 0.1% to $977.33, according to Reuters.

Will Yellow Metal Prices Hit New High?

According to a Reuters, report, “it’s still a trending market and we will continue to see gold prices pushing to newer heights because now it’s uncharted territory,” said Brian Lan, managing director at Singapore-based dealer GoldSilver Central.

On the other hand, Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities said, “gold traded sideways with minor weakness, hovering around Rs 84,450 in MCX, while Comex gold saw a slight retracement towards $2,850. However, the broader trend remains positive as long as prices hold above $2,840, with the next hurdle at $2,900. Market participants remain focused on the upcoming on U.S. Non-Farm Payrolls and Unemployment data scheduled for release on Friday. Rupee movement and Comex gold trends will play a crucial role in determining the next price action for gold. Gold range is seen between 84000-85000.”

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

1 gram of 22k gold price in India remained stable today, rallied by Rs 25 on February 6, surged by Rs 95 on January 5, soared by Rs 105 on January 4, and slipped by Rs 40 on February 3.

Silver Prices Today In India

Silver price in India remained steady for the second consecutive day. 1 kg silver prices in India on February 7, 2025 are retailing at Rs 99,500. Meanwhile, 100 grams silver rates today in the country stood at Rs 9,950.

1kg Silver price in India in last 5-days

1 kg silver prices in India today remained stable, steadied on February 6, rallied by Rs 1000 on February 5, fell by Rs 1000 on February 4, and remained unchanged on February 3.

1 Gram gold rate today In key metro cities and states of India on Feb 7, 2025

City	22k Gold Price Per Gram
Chennai Gold Price Today	22 carat gold rate is Rs 7,930
Mumbai Gold Price Today	22K gold price is Rs 7,930
Delhi Gold Rate Today	22K yellow metal price is Rs 7,945
Kolkata Gold Price Today	22 carat gold price is Rs 7,930
Bangalore Gold Price Today	22K gold rate is Rs 7,930
Hyderabad Gold Prices Today	22 carat gold rate is Rs 7,930
Kerala Gold Prices Today	22 carat gold rate is Rs 7,930
Gold Price In Lucknow Today	22 carat gold price is Rs 7,945
Patna Gold Rate Today	22k precious metal price is Rs 7,935

(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.