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Gold, Silver Prices Rise Today: Check 22K And 24K Rates In Your City On February 13 | Savings and Investments News

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Gold and Silver Rates Today, February 13: In Mumbai, the price of 24-carat gold rises to Rs 1,58,390 per 10 grams, while 22k gold is available at Rs 1,45,190 per 10 grams.

Gold and silver prices, February 13.

Gold and silver prices, February 13.

Gold and Silver Rates Today, February 13: Gold and silver prices in India jumped on February 13 on higher demand. On the MCX, the price of gold increased 1.04% to trade at Rs 1,54,420 per 10 grams in the early trade on Friday, while silver rose 1.78% to Rs 2,40,655 per kg.

In the spot market, in Mumbai, the price of 24-carat gold rose to Rs 1,58,390 per 10 grams, while 22k gold was available at Rs 1,45,190 per 10 grams. These rates do not include GST and making charges. Silver also rose to around Rs 2,90,000 per kg in the spot market.

Last month, gold touched its all-time high of over Rs 1,80,000, while silver prices hit a record Rs 4,20,000.

What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On February 13?

City 22K Gold (per 10gm) 24K Gold (per 10gm)
Delhi Rs 1,45,340 Rs 1,58,540
Jaipur Rs 1,45,340 Rs 1,58,540
Ahmedabad Rs 1,45,240 Rs 1,58,440
Pune Rs 1,45,190 Rs 1,58,390
Mumbai Rs 1,45,190 Rs 1,58,390
Hyderabad Rs 1,45,190 Rs 1,58,390
Chennai Rs 1,45,190 Rs 1,58,390
Bengaluru Rs 1,45,190 Rs 1,58,390
Kolkata Rs 1,45,190 Rs 1,58,390

In the international market, gold and silver rebounded on bargain-hunting on Friday after sliding to one-week lows in the previous session, with a break below key supports deepening losses as selling pressure intensified after strong US jobs data curbed rate-cut bets.

Spot gold was up 1% at $4,966.83 per ounce by 0127 GMT after falling more than 3% in the previous session to a near one-week low below the key $5,000 level. US gold futures for April delivery gained 0.7% to $4,985.40 per ounce.

Spot silver rose 2.1% to $76.76 per ounce, after a 11% drop on Wednesday. The US dollar was mostly flat against peer currencies on Thursday, holding steady after mixed signals from the latest release of US economic indicators. A stronger dollar makes greenback-priced metals more expensive for holders of other currencies.

What Factors Affect Gold Prices In India?

International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.

In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.

With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.

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