Gold prices experienced a modest uptick on Thursday, buoyed by positive movements in futures markets, while retail rates in key urban centers across India displayed a consistent upward trajectory.
MCX Futures Show Steady Gains
On the Multi Commodity Exchange (MCX), gold futures contracts recorded notable increases. The June futures contract rose by Rs 510, or 0.33%, reaching Rs 1,54,458 per 10 grams. Similarly, August contracts gained Rs 391, translating to a 0.25% increase, settling at Rs 1,56,790 per 10 grams. October contracts also saw a rise, up by Rs 206 or 0.13%, closing at Rs 1,59,840 per 10 grams.
Retail Gold Prices Across Major Cities
Retail gold prices in major Indian cities followed suit, with varying degrees of increases observed. Here is a detailed breakdown of the rates:
Delhi
In the national capital, 24K gold increased by Rs 147 to Rs 15,408 per gram, while 22K gold rose by Rs 135 to Rs 14,125 per gram.
Mumbai
Mumbai mirrored Delhi's gains, with 24K gold up Rs 147 at Rs 15,393 per gram and 22K gold higher by Rs 135 at Rs 14,110 per gram.
Chennai
Chennai recorded sharper increases compared to other cities. 24K gold rose by Rs 175 to Rs 15,513 per gram, and 22K gold increased by Rs 160 to Rs 14,220 per gram.
Kolkata
Kolkata's prices aligned with Mumbai, with 24K gold up Rs 147 at Rs 15,393 per gram and 22K gold higher by Rs 135 at Rs 14,110 per gram.
Hyderabad
Hyderabad saw similar upticks, with 24K gold gaining Rs 147 to Rs 15,393 per gram and 22K gold rising Rs 135 to Rs 14,110 per gram.
Ahmedabad
In Ahmedabad, 24K gold increased by Rs 147 to Rs 15,398 per gram, while 22K gold rose Rs 135 to Rs 14,115 per gram.
Jaipur
Jaipur's rates matched those in Delhi, with 24K gold up Rs 147 at Rs 15,408 per gram and 22K gold higher by Rs 135 at Rs 14,125 per gram.
Lucknow
Lucknow followed the same trend as Delhi and Jaipur, with 24K gold at Rs 15,408 per gram (up Rs 147) and 22K gold at Rs 14,125 per gram (up Rs 135).
Patna
Patna recorded 24K gold at Rs 15,398 per gram (up Rs 147) and 22K gold at Rs 14,115 per gram (up Rs 135).
Bangalore
In Bangalore, 24K gold rose Rs 147 to Rs 15,393 per gram, while 22K gold increased Rs 135 to Rs 14,110 per gram.
The overall trend indicates a slight but widespread increase in gold prices across India, supported by gains in futures markets, reflecting ongoing market dynamics and investor sentiment in the commodity sector.
