Gold prices opened lower on Thursday following a decline in global bullion rates, while the US dollar remained strong. Analysts attribute the dollar’s strength to better-than-expected US jobs data for January, which reduced speculation of a near-term rate cut by the Federal Reserve.
Despite the decline, precious metals like gold and silver continue to attract safe-haven demand, as investors hedge against currency depreciation and rising debt levels. Market participants are closely watching upcoming US inflation data, scheduled for Friday, which could provide further cues on monetary policy.
The firm dollar has made currency-priced metals more expensive for other nations, contributing to the pressure on gold prices.
Gold Rates in India on February 12
Delhi
- 24K: ₹15,855/g
- 22K: ₹14,535/g
- 18K: ₹11,895/g
Chennai
- 24K: ₹15,928/g
- 22K: ₹14,600/g
- 18K: ₹12,600/g
Bengaluru
- 24K: ₹15,840/g
- 22K: ₹14,520/g
- 18K: ₹11,880/g
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Mumbai
- 24K: ₹15,840/g
- 22K: ₹14,530/g
- 18K: ₹11,889/g
Pune
- 24K: ₹15,840/g
- 22K: ₹14,530/g
- 18K: ₹11,889/g
Kolkata
- 24K: ₹15,840/g
- 22K: ₹14,530/g
- 18K: ₹11,889/g