Gold price today: Check 24K, 22K rates in Delhi, Mumbai, Chennai and other cities | India News - Hindustan Times

AI desk brief

Gold is firmer in India and on the global tape as renewed US-Iran tensions, a weaker dollar and Strait of Hormuz shipping risk lifted safe-haven demand. Indian retail 24K gold rose 0.52% to about ₹1,54,080/10g, while MCX gold traded near ₹1,53,727/10g, up 0.47%; silver also gained 0.71% to around ₹2,40,700/kg.

The move tracks broader precious-metals strength: spot gold was up 0.6% at $4,432.79/oz as the dollar index slipped 0.3%. Brent near $97/bbl underscores the market’s focus on oil-supply disruption risk, which is supporting hedging demand across gold and silver. Reuters also noted gains in platinum and palladium, suggesting a broad metals bid rather than a gold-only move.

For traders, the near-term driver remains geopolitics and FX rather than domestic Indian pricing alone. If tensions in West Asia escalate further or the dollar extends lower, gold can keep pressing higher; if risk sentiment stabilizes and the dollar rebounds, the rally may stall. Pepperstone’s Chris Weston characterized gold as still caught between buyers and sellers, implying conviction is not yet strong enough for a clean breakout without a fresh catalyst.