Gold Price Today Near Rs 1.55 Lakh per 10 Grams Amid Global Volatility | Stock Market Today

Market Performance: Gold Stays Range-Bound After Choppy Week

Gold price today remained steady after a volatile stretch, showing signs of stability as global and domestic markets digested multiple macro triggers.

In early Asian trade, gold was seen holding near recent levels after yesterday’s recovery prompted fresh dip-buying interest.

At 02:13 am GMT, gold was trading at $5,054 per ounce in the international spot market. Despite the recovery attempts, the price was still 0.48% lower compared to the previous close, reflecting ongoing uncertainty.

The broader tone in precious metals stayed cautious as traders weighed currency movement, central bank cues, and geopolitical developments.

Gold Price Today in India: MCX and IBJA Levels

On the domestic front, gold price today showed limited movement, mirroring global trends.

• MCX Gold futures opened lower on Tuesday at Rs 1,55,450 per 10 grams
• Prices later hovered around Rs 1,55,308 at 9:41 am IST
• This marked a decline of 0.46% from the previous close

Meanwhile, as per the Indian Bullion and Jewellers Association (IBJA):

• The standard gold price was fixed at Rs 1,54,876 per 10 grams
• This rate was based on 999-carat purity
• Pricing was released during the February 9 evening session

Domestic prices remained largely flat as participants tracked overseas cues and currency movement.

Currency Watch: Rupee Strengthens Slightly

Currency movement played a quiet but noticeable role in shaping gold prices.

The Indian rupee showed mild strength against the US dollar:

• USD-INR traded at 90.43
• Down 0.16% on the day
• Lower by 0.93% over the week

A firmer rupee tends to cushion domestic gold prices, even when international rates soften.

Global Drivers Behind Gold’s Recent Swings

Last week saw sharp ups and downs in the precious metals market.

Volatility increased as global investors reacted to fresh developments around US monetary policy, following the nomination of Kevin Warsh as President Donald Trump’s choice for Federal Reserve chair.

Key global developments influencing gold included:

• A stronger dollar after the Fed nomination
• Profit-booking after gold’s recent strong rally
• Broad-based selling across precious metals

At the same time, market positioning reflected expectations around interest rate changes:

• Traders priced in total rate cuts of around 350–375 basis points
• The implied probability stood at 82.3%

These shifting expectations kept gold prices fluctuating within a narrow but volatile range.

Geopolitical Developments and Safe-Haven Demand

Safe-haven demand also remained in focus during the week.

Markets responded to diplomatic progress between the United States and Iran, as both sides agreed to continue talks related to Tehran’s nuclear programme.

This reduced immediate geopolitical risk, which slightly eased safe-haven flows into gold, adding to the metal’s short-term consolidation.

Central Bank Gold Holdings: China Update

Attention also turned to official gold reserves.

Data showed that the People’s Bank of China marginally increased its gold holdings:

• Reserves stood at 74.19 million troy ounces at the end of January 2026
• Up from 74.15 million ounces recorded a month earlier

Central bank activity continues to remain a closely watched factor for long-term market sentiment in precious metals.

What Markets Are Watching Next?

Looking ahead, traders are turning cautious as key economic data releases line up.

Upcoming data from:

• United States
• China

…are expected to offer fresh clues on economic momentum and its impact on precious metals.

For now, gold price today remains range-bound, reflecting a market waiting for clearer directional triggers.

City-Wise Gold Prices in India Today

Gold prices across major Indian cities stayed largely uniform.

Minor differences continued due to:

• Local taxes
• Jeweller margins
• Logistics and transportation costs

Overall pricing consistency highlighted balanced demand and steady supply conditions across regions.

Summary: Gold Price Today Holds Near Key Levels

• Gold hovered near Rs 1.55 lakh per 10 grams domestically
• International prices stayed close to $5,054 per ounce
• Rupee strength offered mild support
• Global cues, central bank actions, and diplomacy kept volatility alive

Gold price today reflects a market in pause mode—absorbing global signals, currency shifts, and macro developments without taking aggressive directional bets

Source: Moneycontrol