Gold Price Today, 25th January 2021: February gold futures on Monday fell by 0.02 per cent or Rs 10 to Rs 49,320 per 10 grams on MCX despite positive cues on the global front. The price of yellow metal in Delhi was recorded at Rs 48,080 per 10 grams for 22-karat gold. Meanwhile, silver prices rose slightly by 0.4 per cent at Rs 66,848 per kg. Also Read - Gold Price Today, 1 March 2021: 22-carat Gold Dips Again | Check Price in Delhi, Mumbai, Bangalore, Other Cities
Gold rates have slipped for the third day in a row. It is down about Rs 7,000 from the record rates in August. In the previous session, gold price fell by 0.5 per cent, while silver rates dropped 0.9 per cent. Also Read - Gold, Silver Prices Witness Volatility Throughout The Week, Remain Below ₹50,000
As per the Good Returns website, gold price in Chennai today is Rs 46,530 per 10 grams, while the rates stand at Rs 48,320 in Mumbai. In Kolkata gold is being sold at Rs 48,650 per 10 grams. Also Read - Gold Prices Today: Gold Rate Slips to Lowest This Month, Declines to Rs 46,750 Per 10 Gram. Check Rate in Your City
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Notably, gold prices edged higher in the international markets on hopes of a massive economic stimulus in the US in view of Biden’s win. As a result, analysts have said that the fiscal measures will continue to support the yellow metal prices.
It must also be noted that Finance Minister Nirmala Sitharaman will present Budget 2021 on February 1.