Gold Price Today Jumps Over 1 Percent as MCX Gold Nears Rs 1.45 Lakh Per 10 Grams

The gold price today is trading firmly higher, with domestic gold futures on the Multi Commodity Exchange extending gains for a second straight session as global bullion prices remain well supported ahead of next week’s US Federal Reserve meeting.

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Gold Price Today: MCX Levels

Contract	Price	Change
MCX Gold August Futures	Rs 1,44,831 per 10 grams	+1.36 percent
MCX Gold Mini August Futures	Rs 1,44,570 per 10 grams	+1.27 percent
Day Range (August Futures)	Rs 1,44,311 to Rs 1,44,898	–
Previous Close	Rs 1,42,883 per 10 grams	–

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Gold Price Today: City-Wise Retail Rates

City	24 Karat (per 10g)	22 Karat (per 10g)
Delhi	Rs 1,46,560	Rs 1,34,450
Mumbai	Rs 1,46,510	Rs 1,34,300
All-India Average	Rs 1,44,220	Rs 1,32,200

What Is Driving the Gold Price Today

The gold price today is being lifted by a combination of factors also visible in international bullion markets, including growing anticipation of next week’s US Federal Reserve policy meeting, where investors are watching for signals on the future path of interest rates, and continued geopolitical risk premium tied to the ongoing Middle East conflict, which has kept safe haven demand for gold elevated through the week.

Retail gold rates in Delhi and Mumbai are tracking closely with the MCX futures move, since domestic jewellery pricing is derived from international spot prices adjusted for the rupee dollar exchange rate, import duty and local taxes, before jewellers add making charges on top for finished pieces.

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Gold Price Today: Outlook for Investors

With the gold price today extending its recent uptrend, investors holding gold exchange traded funds, sovereign gold bonds or physical gold are seeing their holdings appreciate in value, though those looking to make fresh purchases for jewellery may find current levels less attractive from a cost perspective compared with earlier in the month.

Traders should watch the US Federal Reserve’s rate decision next week as the single biggest near term catalyst for the gold price today, alongside any fresh developments in the Middle East conflict, since both factors have been the dominant drivers of bullion price action through the current week.

Understanding How Gold Prices Are Set in India

Domestic gold rates are ultimately anchored to the international spot price, which is quoted in US dollars per troy ounce on global bullion markets in London and New York. This international benchmark is converted into rupee terms using the prevailing USD to INR exchange rate, after which India’s roughly 6 percent import duty and applicable Goods and Services Tax are added, before jewellers layer on their own making charges for finished jewellery pieces.

This is why gold rates can vary slightly between MCX futures, which reflect a more pure commodity price, and retail jewellery rates in cities such as Delhi and Mumbai, which include these additional levies and charges. Wedding season and festive demand across India, typically concentrated between October and December, also provide a seasonal tailwind to physical gold buying that can influence retail premiums over the base commodity price.

Frequently Asked Questions

What is the gold price today on MCX?

Ans. The gold price today on MCX shows the August futures contract at Rs 1,44,831 per 10 grams, up 1.36 percent from the previous close of Rs 1,42,883.

What is the gold price today in Delhi and Mumbai?

Ans. The gold price today for 24 karat gold is around Rs 1,46,560 per 10 grams in Delhi and Rs 1,46,510 per 10 grams in Mumbai, based on city-wise retail rates.

Why is the gold price today rising?

Ans. The gold price today is rising on anticipation of next week’s US Federal Reserve meeting and continued safe haven demand linked to the ongoing Middle East conflict.

What is the difference between 22 karat and 24 karat gold price today?

Ans. The gold price today for 22 karat gold, commonly used in jewellery, is lower than 24 karat investment grade gold, reflecting its 91.6 percent purity compared with 99.9 percent for 24 karat.

How does the rupee dollar rate affect the gold price today?

Ans. Since gold is priced internationally in dollars, a weaker rupee tends to push the domestic gold price today higher even when the international dollar price is unchanged, and vice versa.

Should I buy gold based on today’s price move alone?

Ans. This article does not constitute investment advice. Investors should consider their overall asset allocation and consult a SEBI registered investment advisor before making gold related decisions.

Where can I track the gold price today and MCX rates live?

Ans. You can track the gold price today, MCX futures levels and city-wise retail rates on the Univest app and website.