abplive48d ago
24K & 22K Gold Price Today: Gold prices slipped on Monday and are expected to remain volatile in the coming week as investors await fresh signals from key US economic data and Federal Reserve commentary.Analysts said bullion is likely to witness further consolidation, with market participants closely tracking US inflation figures, GDP data, labour market indicators and the minutes of the Federal Open Market Committee (FOMC) meeting for clarity on the timing of potential rate cuts.Pranav Mer, Vice President, EBG, Commodity & Currency Research at JM Financial Services Ltd, said gold and silver could continue to move in a consolidative range, though volatility will persist amid incoming US GDP and Personal Consumption Expenditures (PCE) inflation data, along with remarks from Fed officials.He noted that stronger-than-expected US employment data have reduced expectations of immediate rate cuts, weighing on bullion. At the same time, safe-haven demand amid geopolitical tensions and buying ahead of the Lunar New Year have lent support.Central bank buying and a softer dollar offered support, while mixed physical demand, ETF profit-booking and strong US data limited gains. Analysts expect both gold and silver to remain range-bound in the near term as clarity on US monetary policy emerges.Traders noted that Gold Rates in India slipped, with Gold prices in Delhi and other key metros reflecting the latest decline.Gold Rates Across Major Cities In India On Feb 16Gold Prices in Delhi Today (Per 1 Gram)24 Karat - 15,65922 Karat- 14,35518 Karat- 11,748Gold Prices in Chennai Today (Per 1 Gram) 24 Karat - 15,75322 Karat- 14,44018 Karat- 12,350Gold Prices in Bengaluru Today (Per 1 Gram)24 Karat - 15,64422 Karat- 14,34018 Karat- 11,733Gold Prices in Mumbai Today (Per 1 Gram)24 Karat - 15,64422 Karat- 14,34018 Karat- 11,733Gold Prices in Pune Today (Per 1 Gram)24 Karat - 15,64422 Karat- 14,34018 Karat- 11,733Gold Prices in Kolkata Today (Per 1 Gram)24 Karat - 15,64422 Karat- 14,34018 Karat- 11,733Gold Price Today in Major Indian CitiesCity24k Gold Per Gram22k Gold Per Gram18k Gold Per GramGold Rate in Hyderabad15,64414,34011,733Gold Rate in Ahmedabad15,64914,34511,738Gold Rate in Indore15,54914,34511,738Gold Rate in Lucknow15,65914,35511,748Gold Rate in Coimbatore15,75314,44012,350Gold Rate in Bhubaneswar15,64414,34011,733Gold Rate in Mysore15,64414,34011,733Gold Rate in Kanpur15,65914,35511,748Gold Rate in Salem15,75314,44012,350Gold Rate in Visakhapatnam15,64414,34011,733Gold Rate in Vijayawada15,64414,34011,733Gold Rate in Patna15,64914,34511,738To check Silver price in India today, click here.