Gold Futures Show Strength as Spot Prices Ease in Urban Markets
Gold futures demonstrated resilience on Monday, with all major contracts registering gains during a session of steady trading activity. The April contract spearheaded the upward movement, surging over 1% to reach Rs 1,45,797 per 10 grams. Following closely, the June and August contracts also posted solid upticks of 0.91% and 0.71%, respectively, reflecting sustained investor confidence in the bullion sector.
Robust Trading Activity and Market Sentiment
The June 2026 gold futures contract witnessed robust participation, marked by high traded value and open interest, underscoring continued investor engagement. Prices fluctuated within a broad range throughout the session, peaking at Rs 1,49,250 before settling at higher levels. Similarly, the August contract mirrored this trend, reinforcing the prevailing bullish sentiment in the futures market.
Spot Gold Prices Across Major Indian Cities
In contrast to the futures market, spot gold prices experienced declines across several key urban centers. Here is a detailed breakdown of the current rates:
- Delhi: 24K gold softened by Rs 79 to Rs 14,743 per gram, while 22K gold slipped Rs 75 to Rs 13,515 per gram.
- Mumbai: Bullion markets saw a dip, with 24K gold priced at Rs 14,728 per gram, down Rs 81, and 22K gold at Rs 13,500 per gram, lower by Rs 75.
- Chennai: Recorded a milder decline, with 24K gold selling at Rs 14,837 per gram, down Rs 65, and 22K gold falling Rs 60 to Rs 13,600 per gram.
- Kolkata: 24K gold was quoted at Rs 14,728 per gram, down Rs 81, while 22K gold stood at Rs 13,500 per gram, lower by Rs 75.
- Ahmedabad: Markets displayed stability, with 24K gold steady at Rs 14,812 per gram and 22K gold unchanged at Rs 13,580 per gram.
- Hyderabad: Followed the broader trend, with 24K gold priced at Rs 14,728 per gram, down Rs 81, and 22K gold at Rs 13,500 per gram, slipping Rs 75.
- Bangalore: 24K gold was quoted at Rs 14,728 per gram, down Rs 81, while 22K gold was selling at Rs 13,500 per gram, lower by Rs 75.
- Jaipur: Saw similar movement, with 24K gold at Rs 14,743 per gram, down Rs 79, while 22K gold declined Rs 75 to Rs 13,515 per gram.
- Lucknow: 24K gold was priced at Rs 14,743 per gram, down Rs 79, while 22K gold moved lower by Rs 75 to Rs 13,515 per gram.
- Patna: Markets also recorded a decline, with 24K gold quoted at Rs 14,733 per gram, down Rs 79, and 22K gold trading at Rs 13,505 per gram, down Rs 75.
This divergence between futures gains and spot price declines highlights the dynamic nature of the gold market, with investors closely monitoring both trading platforms and physical bullion trends for strategic decisions.
