Gold and silver prices retreated on Monday as traders pared positions following hawkish remarks from US Federal Reserve officials, which weakened hopes of a rate cut in the upcoming policy meeting. The shift in sentiment pulled bullion prices lower after last week’s strong rally.On the Multi Commodity Exchange (MCX), gold futures for December delivery slipped by Rs 1,229, or 0.99 per cent, to Rs 1,22,332 per 10 grams. The February 2026 contract also declined by Rs 1,207, or 0.96 per cent, to Rs 1,24,101 per 10 grams. This comes after gold futures had gained Rs 2,494, or 2.06 per cent, over the previous week.Silver futures also extended their losses for a second consecutive session. The December contract dropped by Rs 1,944, or 1.25 per cent, to Rs 1,54,074 per kilogram, while the March 2026 contract fell Rs 1,971, or 1.24 per cent, to Rs 1,56,862 per kg. Last week, silver had rallied by Rs 8,290, or 5.61 per cent.As per news agency PTI, analysts noted that precious metals weakened as traders positioned themselves ahead of a busy week of delayed US economic data releases. The upcoming non-farm payrolls report, in particular, is expected to offer crucial cues for the Fed’s policy path. A stronger dollar—up 0.17 per cent at 99.46—also added pressure on gold.In global markets, Comex gold futures for December delivery fell 0.42 per cent to $4,077.04 per ounce, after rising $84.4 (2.10 per cent) last week. Silver slipped 0.28 per cent to $50.54 per ounce. Analysts said investors are bracing for a flurry of US economic indicators, the Fed’s meeting minutes and speeches from key officials, including Chair Jerome Powell.
Gold Rate Today: City-wise Prices
Gold rate in Bengaluru today
In Bengaluru, 24K gold is priced at ₹12,497 per gram, while 22K gold stands at ₹11,455 per gram. The 18K rate is ₹9,373 per gram. Compared to yesterday, 24K fell by ₹11, 22K dropped by ₹10, and 18K declined by ₹8.
Gold rate in Delhi today
In Delhi, 24K gold is retailing at ₹12,512 per gram and 22K at ₹11,470 per gram, with 18K gold at ₹9,388. Prices dipped by ₹11 for 24K, ₹10 for 22K and ₹8 for 18K since yesterday.
Gold rate in Mumbai today
Mumbai recorded 24K gold at ₹12,497 per gram and 22K gold at ₹11,455 per gram. The 18K rate stood at ₹9,373 per gram. All categories fell from yesterday—24K by ₹11, 22K by ₹10 and 18K by ₹8.
Gold rate in Chennai today
In Chennai, 24K gold is trading at ₹12,589 per gram, while 22K gold is at ₹11,540. The 18K rate stands at ₹9,625 per gram. Since yesterday, 24K slipped by ₹11, 22K by ₹10 and 18K saw a sharper drop of ₹15.
Gold rate in Kolkata today
Kolkata recorded 24K gold at ₹12,497 per gram and 22K at ₹11,455 per gram. The 18K gold rate is ₹9,373 per gram. Prices declined by ₹11, ₹10 and ₹8 respectively from yesterday.
Gold rate in Hyderabad today
In Hyderabad, 24K gold is priced at ₹12,497 per gram and 22K at ₹11,455, while 18K gold costs ₹9,373 per gram. All categories saw a fall—₹11 for 24K, ₹10 for 22K and ₹8 for 18K.
Gold rate in Ahmedabad today
Ahmedabad recorded 24K gold at ₹12,502 per gram and 22K at ₹11,460 per gram. The 18K rate was ₹9,378. Prices fell by ₹11, ₹10 and ₹8 respectively from yesterday.
Gold rate in Jaipur today
In Jaipur, 24K gold stands at ₹12,512 per gram and 22K gold at ₹11,470, while 18K is priced at ₹9,388 per gram. All categories declined—24K by ₹11, 22K by ₹10 and 18K by ₹8.
Gold rate in Bhubaneswar today
Bhubaneswar saw 24K gold trading at ₹12,497 per gram, 22K at ₹11,455 and 18K at ₹9,373. Prices dropped by ₹11, ₹10 and ₹8 respectively compared to yesterday.
Gold rate in Pune today
In Pune, 24K gold is priced at ₹12,497 per gram and 22K at ₹11,455. The 18K rate is ₹9,373 per gram. All segments saw declines of ₹11, ₹10 and ₹8 since yesterday.
Gold rate in Kanpur today
Kanpur recorded 24K gold at ₹12,512 per gram and 22K at ₹11,470. The 18K gold price stood at ₹9,388. Compared to yesterday, 24K dipped by ₹11, 22K by ₹10 and 18K by ₹8.