Gold prices India surged today after recording biggest drop during the week on April 23 when 10 grams of 24K yellow metal fell by Rs 1530 and 10 grams of 22K precious metal slipped by a huge Rs 1400. 22 carat gold price today in India surged by Rs 400 to 66,650/10 grams and 100 grams of 22K gold price soared by Rs 4000 to Rs 6,66,500. On the other hand, 10 grams of 24 carat yellow metal price rose by Rs 440 on April 26 to Rs 72,710 and 100 grams of 24k gold price soared by Rs 4400 to Rs 7,27,100 in the country.

Meanwhile, 10 grams of 18K gold price in India today is quoted at Rs 54,530 after the rally of Rs 330 and 100 grams 18 carat yellow metal price today is Rs 5,45,300 as prices surged by Rs 3,300.

Silver prices too witnessed sharp rally in India on Friday. 1kg silver price today in India is Rs 84,500 after jump by Rs 2000. Silver prices did not see any jump for the last 10 days as prices declined by Rs 4600 in last 10-days only (from April 17 to April 26).

As per a Reuters report, "prices are now somewhat steady as they remain sensitive to expectations around rate cuts, more so after "U.S. economic data released last night provided some dilemma with a significant weakening of growth, while inflationary pressures were slow to abate", said IG market strategist Yeap Jun Rong.

Gold prices today surged by Rs 440, declined by Rs 380 on April 25, rose by Rs 490 on April 24, dived sharply by Rs 1530 on April 23, fell yet again by Rs 550 on April 22, stayed stable on April 21, fell marginally by Rs 100 on April 20, rose by Rs 540 on April 19, dived by Rs 330 on April 18, remained stable on April 17, gained again sharply by Rs 900 on April 16, and surged by Rs 550 on April 15 in India.

Anuj Gupta from HDFC Securities stated yellow metal prices today on MCX is witnessing a obstacle at the Rs 71,500 level. Upon breaching this level, gold is likely to touch Rs 72,000/10 grams level. Therefore, traders may keep the stop loss at the Rs 71,000 level for the near-term target of Rs 72,000 /10 gramsSimla Wealth Management. If, yellow metal breaches below Rs 71,000 on a closing basis, then we can expect the precious metal to touch Rs 70,500 levels.

On ther other hand, Jateen Trivedi, VP Research Analyst, Commodity and Currency at LKP Securities said, "Gold prices found support near Rs 70,700 in MCX and $2315 in Comex, leading to a positive outlook with recovery from Rs 70,700 to Rs 71,100. Market sentiment remains optimistic, with a focus on the upcoming US PCE Price Index data scheduled for Friday, April 26. This data release is anticipated to provide further clarity on the direction of gold prices."

Gold Price Chennai: Price of 10 grams of 22 carat of gold price Chennai today is Rs 67,550 and cost of 10 grams of 24 carat gold is Rs 73,690.

Yellow Metal Price Mumbai: Price of 10 grams of 22 carat gold in Mumbai on April 26 is Rs 66,650 and cost of 10 grams of 24 carat yellow metal is Rs 72,710.

Precious Metal Price Delhi: Price of 10 grams of 22 carat yellow metal in Delhi on April 26 is Rs 66,800 and cost of 10 grams of 24 carat gold is Rs 72,860.Varanasi Wealth Management

Gold Price Kolkata: Price of 10 grams of 22 carat of yellow metal in Kolkata on April 26, 2024 is Rs 66,650 and cost of 24 carat of 10 grams gold is Rs 72,710.Jaipur Wealth Management