On Friday, gold April futures contracts on MCX closed flat at Rs 85,820/10 grams, down by 0.07% or Rs 57. On the other hand, silver May futures contracts also closed flat but with a positive bias at Rs 97,280. This was up by Rs 79 or 0.08%.

“Gold continues to face strong resistance at $2915-$2,925 in COMEX, while in MCX, 86400 remains a key resistance level, with support at Rs 84,500-Rs 84,000, a minor correction of Rs 400 brought. Today’s US key Economic data, Nonfarm Payrolls, and Unemployment data, volatility is expected to persist. The gold trading range remains between Rs 84,000-Rs 86,500,” said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.

Gold has long been considered a premier safe haven asset due to its enduring value during times of economic uncertainty and market volatility. Unlike paper currencies that can be devalued through inflation or government policies, gold maintains intrinsic worth across centuries, making it particularly attractive to investors seeking protection against financial crises, currency debasements, and geopolitical instability.

Gold rates in physical markets

Gold Price today in Delhi

Standard gold (22 carat) prices in Delhi stand at Rs 57,520/8 grams while pure gold (24 carat) prices stand at Rs 61,320/8 grams.

Gold Price today in Mumbai

Standard gold (22 carat) prices in Mumbai stand at Rs 57,016/8 grams while pure gold (24 carat) prices stand at Rs 60,720/8 grams.

Gold Price today in Chennai

Standard gold (22 carat) prices in Chennai stand at Rs 56,968/8 grams while pure gold (24 carat) prices stand at Rs 60,664/8 grams.

Gold Price today in Hyderabad

Standard gold (22 carat) prices in Hyderabad stand at Rs 56,776/8 grams while pure gold (24 carat) prices stand at Rs 60,496/8 grams.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)