Gold price today: Check out rate and market outlook
NEW DELHI: January was the strongest month for gold in over a decade, as Donald Trump and crude oil emerged biggest drivers of market trends for the yellow metal. But February was a rather tepid story. In a world that is in great disequilibrium, both with respect to economic growth as well as geopolitics, there exist more uncertainties than certainties to give gold an edge over other asset classes. Or do they?
Keep a check on emerging market trends for the yellow metal and other precious metals in this space.
OUTLOOK FOR TODAY
Gold futures on the Multi Commodity Exchange (MCX) were trading flat on Wednesday ahead of the US payrolls data, which is expected to release on Friday. READ MORE
WHAT HAPPENED YESTERDAY
Falling for the second straight day, gold prices dropped by another Rs 200 to Rs 29,550 per 10 grams on Tuesday, tracking a weak trend overseas amid muted demand from local jewellers. READ MORE
SHOULD YOU INVEST IN GOLD?
Rs 1 lakh invested in gold a decade ago (January 1, 2007) is worth nearly 3.5L today. None of the other four assets has trebled in value during this period. READ MORE
WORLD GOLD COUNCIL OUTLOOK
World Gold Council sees India investment demand at 250-300 tonnes by 2020. An analysis showed Indian consumers would invest more in bars and coins, jewellery, and other gold-backed financial products than they do at the moment. READ MORE
Keep a check on emerging market trends for the yellow metal and other precious metals in this space.
| Date | Gold Rate (Per 10g) Previous close |
| 7-03-2017 | 28751 |
| 6-03-2017 | 29127 |
| 5-03-2017 | 28945 |
| 4-03-2017 | 29020 |
| 02-03-2017 | 29170 |
| 01-03-2017 | 29450 |
| 28-02-2017 | 29710 |
| 27-02-2017 | 29623 |
| 24-02-2017 | 29451 |
| 23-02-2017 | 29208 |
| 22-02-2017 | 29301 |
| 21-02-2017 | 29303 |
| 20-02-2017 | 29360 |
| 17-02-2017 | 29416 |
| 16-02-2017 | 29143 |
OUTLOOK FOR TODAY
Gold futures on the Multi Commodity Exchange (MCX) were trading flat on Wednesday ahead of the US payrolls data, which is expected to release on Friday. READ MORE
WHAT HAPPENED YESTERDAY
Falling for the second straight day, gold prices dropped by another Rs 200 to Rs 29,550 per 10 grams on Tuesday, tracking a weak trend overseas amid muted demand from local jewellers. READ MORE
SHOULD YOU INVEST IN GOLD?
Rs 1 lakh invested in gold a decade ago (January 1, 2007) is worth nearly 3.5L today. None of the other four assets has trebled in value during this period. READ MORE
WORLD GOLD COUNCIL OUTLOOK
World Gold Council sees India investment demand at 250-300 tonnes by 2020. An analysis showed Indian consumers would invest more in bars and coins, jewellery, and other gold-backed financial products than they do at the moment. READ MORE
