Gold and silver prices rose in the futures trade on Wednesday, tracking firm global cues, as weak US economic data strengthened expectations of an interest rate cut by the Federal Reserve next month.On the Multi Commodity Exchange (MCX), gold futures for December delivery jumped by Rs 475, or 0.38 per cent, to Rs 1,25,700 per 10 grams in a business turnover of 7,926 lots.Silver futures also traded higher, with the December contract surging by Rs 1,388, or 0.89 per cent, to Rs 1,57,709 per kilogram in 8,239 lots.“Gold and silver prices jumped as delayed US economic data boosted expectations of a December Fed rate cut,” Rahul Kalantri, vice-president of Commodities, Mehta Equities Ltd, said, as per PTI.In the international markets, Comex gold futures for December delivery rose $28.20, or 0.68 per cent, to $4,193.40 per ounce, while silver advanced 1.03 per cent to $51.61 per ounce.“Gold rose to around $4,190 per ounce, hovering close to a nearly two-week high, following the release of delayed economic data that bolstered expectations of a December rate cut by the US Federal Reserve,” Jigar Trivedi, senior research Analyst at Reliance Securities, said, as per PTI.He added that recent data indicated a slowdown in consumer momentum, with US retail sales rising just 0.2 per cent in September after a stronger reading in August. Producer price data also showed inflation pressures in line with expectations, reinforcing hopes of monetary easing.Market participants now assign over an 80 per cent probability to a 25 basis points rate cut in December, sharply higher from about 50 per cent a week earlier. However, gains remain capped amid signs of easing geopolitical tensions following reports of a proposed peace plan between Ukraine and Russia.
City-wise gold rates today
Gold rate in Bengaluru today:
Bengaluru’s 24K gold price stands at Rs 12,791 per gram, while 22K gold costs Rs 11,725 and 18K gold is priced at Rs 9,593 per gram. Compared to yesterday, 24K gold increased by Rs 87, 22K rose by Rs 80, and 18K gained Rs 65.
Gold rate in Delhi today:
Delhi’s 24K gold price is Rs 12,806 per gram, with 22K at Rs 11,740 and 18K at Rs 9,608 per gram. Since yesterday, 24K gold rose by Rs 87, 22K increased by Rs 80, and 18K moved up by Rs 65.
Gold rate in Mumbai today:
Mumbai’s 24K gold price stands at Rs 12,791 per gram, while 22K gold is Rs 11,725 and 18K gold is at Rs 9,593 per gram. Compared to yesterday, 24K rose by Rs 87, 22K by Rs 80, and 18K gained Rs 65.
Gold rate in Chennai today:
Chennai’s 24K gold price is Rs 12,873 per gram, while 22K gold stands at Rs 11,800 and 18K at Rs 9,845 per gram. Since yesterday, 24K increased by Rs 87, 22K gained Rs 80, and 18K rose by Rs 65.
Gold rate in Kolkata today:
Kolkata’s 24K gold price stands at Rs 12,791 per gram, with 22K at Rs 11,725 and 18K at Rs 9,593 per gram. Compared to yesterday, 24K rose by Rs 87, 22K gained Rs 80, and 18K increased by Rs 65.
Gold rate in Hyderabad today:
Hyderabad’s 24K gold price is Rs 12,791 per gram, while 22K is Rs 11,725 and 18K gold trades at Rs 9,593 per gram. Since yesterday, 24K rose by Rs 87, 22K increased by Rs 80, and 18K gained Rs 65.
Gold rate in Ahmedabad today:
Ahmedabad’s 24K gold price stands at Rs 12,796 per gram, with 22K at Rs 11,730 and 18K at Rs 9,598 per gram. Compared to yesterday, 24K increased by Rs 87, 22K by Rs 80, and 18K rose by Rs 65.
Gold rate in Jaipur today:
Jaipur’s 24K gold price is Rs 12,806 per gram, while 22K gold stands at Rs 11,740 and 18K gold at Rs 9,608 per gram. Since yesterday, 24K gained Rs 87, 22K rose by Rs 80, and 18K increased by Rs 65.
Gold rate in Bhubaneswar today:
Bhubaneswar’s 24K gold is priced at Rs 12,791 per gram, with 22K at Rs 11,725 and 18K at Rs 9,593 per gram. Compared to yesterday, 24K rose by Rs 87, 22K increased by Rs 80, and 18K gained Rs 65.
Gold rate in Pune today:
Pune’s 24K gold rate stands at Rs 12,791 per gram, while 22K is Rs 11,725 and 18K is Rs 9,593 per gram. Since yesterday, 24K rose by Rs 87, 22K gained Rs 80, and 18K increased by Rs 65.
Gold rate in Kanpur today:
Kanpur’s 24K gold price is Rs 12,806 per gram, with 22K gold priced at Rs 11,740 and 18K at Rs 9,608 per gram. Compared to yesterday, 24K increased by Rs 87, 22K rose by Rs 80, and 18K gained Rs 65.