Image Source: X
After silver, gold prices are also witnessing a strong upward trend. Following a sharp rise in the previous session, gold continued its rally today and created a new all-time high. On Wednesday, February 4, gold touched a record level of ₹1,60,775 per 10 grams by 10:30 AM, crossing the ₹1.60 lakh mark for the first time.
Gold Price Today: What Is the Current Rate?
Around 11:00 AM, the price of 10 grams of gold on MCX was trading near ₹1,60,000. Gold recorded a sharp jump of nearly ₹6,190 per 10 grams. During the session, gold touched a low of ₹1,56,533 and a high of ₹1,60,755 per 10 grams.
Gold Prices in Major Cities (24 Carat)
| City | Gold Price (₹/10 grams) |
|---|---|
| Patna | 1,60,530 |
| Jaipur | 1,60,680 |
| Kanpur | 1,60,680 |
| Lucknow | 1,60,680 |
| Bhopal | 1,60,530 |
| Indore | 1,60,530 |
| Chandigarh | 1,60,680 |
| Raipur | 1,60,530 |
According to the table, gold is cheapest in Patna, where the price of 10 grams stands at ₹1,59,250. On the other hand, Bhopal and Indore are the most expensive cities, with gold trading at ₹1,59,500 per 10 grams.
Image Source: X
Gold Price Target 2026: Where Can Gold Head Next?
According to commodity expert Kedia, gold is currently receiving strong support near ₹1,36,531 per 10 grams, which means prices are unlikely to fall below this level in the near term. At the same time, gold is facing resistance around ₹1,60,188 per 10 grams, indicating limited upside beyond this level for now.
Important Note for Investors
Like stocks, commodities such as gold and silver are influenced by market conditions. Support and resistance levels keep changing based on global cues, demand, supply, and economic factors. Investors are advised to stay updated and consult experts before making investment decisions.
Also Read: Silver Price Today: Big Jump on Price of ₹13,000, Rates Near ₹3 Lakh per Kg
