Gold Price In India Today, 25th Feb: 22K & 24K/100 Grams Gold Rate Jumps Over Rs 2000; Silver Price Steady

Gold prices in the domestic market saw significant upward momentum ahead of the Core PCE Price Index while the weakening rupee gave gold more support. The strong dollar, bolstered by hawkish signs from the Fed's January meeting minutes and fuelled by U.S. President Donald Trump's intensified tariff threats, is what caused the price spike. fuelled by robust demand for safe havens in the face of worries over US President Donald Trump's proposed tariffs. As investors focus on this week's US GDP, inflation, consumer confidence, and durable goods orders data, gold is predicted to rise even more.

Gold Price In India Today

In India, 24 carat gold costs Rs 8,809 per gramme, 22 carat gold costs Rs 8,075 per gramme, and 18 carat gold costs Rs 6,607 per gramme. While 22k of 100 grammes of gold will cost Rs 8,07,500 in India today compared to Rs 8,05,500 yesterday, marking a price increase of Rs 2,000, 22k of 10 grammes of gold prices in India hit Rs 80,750 on Tuesday compared to Rs 80,550 on Monday, showing a price leap of Rs 200.

In India, 24k for 10 grams of gold went up to Rs 88,090 on Tuesday from Rs 87,870 on Monday, a 220 rupee increase in the price. In contrast, 24k for 100 grams of gold surged to Rs 8,80,900 today from Rs 8,78,700 yesterday, a 2,200 rupee price increase.

While 18k of 100 grammes of yellow metal would cost Rs 6,60,700 in India today compared to Rs 6,59,100 yesterday, reflecting a price jump of Rs 1,600, 18k of 10 grammes of gold prices in India hit Rs 66,070 on Tuesday compared to Rs 65,910 on Monday, showing a price leap of Rs 160.

Spot Gold Today

While U.S. gold futures climbed 0.1% to $2,967.40, according to Reuters, spot gold was flat at $2,950.39 an ounce as of 0220 GMT, around $6 short of the all-time high of $2,956.15 achieved on Monday. Gold maintained firm at a record high on Tuesday. The price of spot silver increased by 0.3% to $32.45 an ounce. Palladium was down 0.4% at $936.25, while platinum was unchanged at $966.

Silver Rates In India Today

In India, the price of silver remained constant at Rs 101 per gramme and Rs 1,01,000 per kilogram today. The price of silver climbed by almost 600 rupees, or 0.60%, over the previous week.

Silver Price Outlook Today

"Silver Prices have convincingly given a descending triangle breakout surpassing multiple resistance. The immediate key resistance is now observed near Rs. 100000 mark. However, key immediate support is placed near Rs. 93000 level. The 14-period RSI has crossed above the midpoint mark of 50 on the daily chart suggesting that momentum is strengthening on the higher side. A decisive break above Rs. 96600 level is likely to push prices higher towards Rs. 100000 mark in the near term. However, the bullish view will negate if prices manage to break below Rs. 93000 level on closing basis," as per the technical research analysts of Motilal Oswal.

MCX Gold Outlook Today

"From a technical perspective, MCX Gold held above the crucial 86000-mark for third straight session and formed a bullish candle on the daily chart. The commodity established a base around the 84500-85000 levels and witnessed strong lower-level buying in the previous week, signaling a continuation of the uptrend, with prices likely to advance toward the 86500/87200 levels. On the downside, support for MCX Gold is observed at 85700/85400 levels, and a breakdown below 85400 could trigger profit booking, leading to a decline toward 85000/84750 levels. Traders are advised to maintain tight stop losses, as the commodity is trading in a critical zone that could witness heightened volatility," the technical research analysts of Way2Wealth Brokers Pvt. Ltd commented.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.