Gold prices exhibited a narrow trading range on Friday, maintaining proximity to elevated levels as domestic futures indicated modest gains while retail markets across various cities reflected divergent trends. Bullion sentiment continued to draw support from firm global cues, despite minor corrections observed in certain centers.
Domestic Futures Show Resilience
As of 15:19 hours, gold futures on the Multi Commodity Exchange (MCX) demonstrated steady momentum. The April 2026 contract was actively trading at Rs 1,60,298 per 10 grams, registering an increase of Rs 589 or 0.37 percent. Concurrently, the June contract held firm at Rs 1,63,750 per 10 grams, while the August contract traded at Rs 1,67,531, underscoring the resilience evident in longer-dated contracts.
Retail Gold Prices Across Major Cities
Retail gold markets across India presented a mixed picture, with some cities witnessing gains while others experienced declines. Here is a detailed breakdown of gold prices in key urban centers:
Northern and Western Regions
- Delhi: In the national capital, 24K gold was priced at Rs 16,172 per gram, down by Rs 11, while 22K gold sold at Rs 14,825 per gram after a Rs 10 dip.
- Mumbai: Mumbai markets displayed firmness in retail rates, with 24K gold climbing Rs 55 to Rs 16,157 per gram and 22K gold advancing Rs 50 to Rs 14,810 per gram.
- Ahmedabad: Ahmedabad recorded marginal weakness, where 24K gold slipped Rs 11 to Rs 16,162 per gram and 22K gold edged lower by Rs 10 to Rs 14,815 per gram.
- Jaipur: Jaipur markets reflected a mild correction as 24K gold was quoted at Rs 16,172 per gram, lower by Rs 11, while 22K gold eased Rs 10 to Rs 14,825 per gram.
Southern and Eastern Regions
- Chennai: Chennai witnessed a slightly sharper pullback, with 24K gold easing Rs 22 to Rs 16,255 per gram and 22K gold softening Rs 20 to Rs 14,900 per gram.
- Hyderabad: In Hyderabad, bullion counters reported gains, with 24K gold retailing at Rs 16,157 per gram after a Rs 55 increase and 22K gold at Rs 14,810 per gram, up Rs 50.
- Bangalore: Bangalore traders priced 24K gold at Rs 16,157 per gram, marking a Rs 55 rise, while 22K gold stood at Rs 14,810 per gram following a Rs 50 uptick.
- Kolkata: Kolkata mirrored the western trend, quoting 24K gold at Rs 16,157 per gram, up Rs 55, with 22K gold higher by Rs 50 at Rs 14,810 per gram.
- Patna: In Patna, prices remained slightly subdued with 24K gold at Rs 16,162 per gram, down Rs 11, and 22K gold at Rs 14,815 per gram after a Rs 10 decline.
- Bhubaneswar: Bhubaneswar saw the steepest fall among major cities, with 24K gold dropping Rs 87 to Rs 16,102 per gram and 22K gold falling Rs 80 to Rs 14,760 per gram.
Market Analysis and Outlook
The overall gold market in India remains underpinned by robust global factors, which have helped sustain prices at higher levels despite localized fluctuations. The mixed retail trends highlight the varying demand dynamics and local market conditions across different regions. Investors and traders are closely monitoring these developments, as gold continues to be a key asset in portfolio diversification and hedging strategies.
