Gold prices fell further on Friday, February 13. This morning, the price of 24 carat gold fell to ₹158,540 per 10 grams in the capital Delhi. The price in Mumbai is ₹158,390 per 10 grams. Spot gold is trading at $5,062.46 per ounce in the global market. Better than expected jobs data in the US in January strengthened the dollar, leading to reduced buying of gold and silver. The positive jobs data dashed expectations of a key interest rate cut by the Federal Reserve soon. Job growth in the US accelerated in January, and the unemployment rate fell to 4.3%.
City 22 Karat Gold Rate Today (₹) 24 Karat Gold Rate Today (₹) Delhi 145340 158540 Mumbai 145190 158390 Ahmedabad 145240 158440 Chennai 145190 158390 Kolkata 145190 158390 Hyderabad 145190 158390 Jaipur 145340 158540 Bhopal 145240 158440 Lucknow 145340 158540 Chandigarh 145340 158540
Gold rates in some major cities of the country
Gold Price in Delhi: 24 carat gold price in Delhi is ₹158,540 per 10 grams. The price of 22 carat gold is ₹145,340 per 10 grams.
Mumbai, Chennai and Kolkata: Currently, the price of 22 carat gold in Mumbai, Chennai and Kolkata is ₹145,190 per 10 grams, while the price of 24 carat gold is ₹158,390 per 10 grams.
Rates in Pune and Bengaluru: The price of 24 carat gold in these two cities is ₹158,390 per 10 grams and the price of 22 carat gold is ₹145,190 per 10 grams.
price of silver
Silver, another precious metal, is trading with gains on the morning of February 13. The price is ₹295,100 per kg. The spot price of silver in the international market is $82.84 per ounce. A day earlier, the price of silver contracts for March delivery had fallen on the Multi Commodity Exchange. Earlier, in January, silver had crossed ₹4 lakh.
Investment strategy in gold and silver
For existing investors, MK Wealth Management recommends making informed investments in a diversified portfolio. Increase investment gradually during market decline. If the mix of gold and silver in the portfolio is more than 25–30% of total assets, review the allocation. This is to ensure profit booking while maintaining strategic investments.
For new investors, it is advisable to adopt a disciplined investment approach. Invest around 5–10% of the total portfolio in gold and silver. Invest in small amounts to reduce volatility. For this, consider investing in physical gold, gold and silver ETFs, mutual funds, or other metal-linked products like options.