Gold Pris on 28th Jan 2025 : Gold in both the domestic spot and future market was seen trading on its new all -time high on Wednesday (January 29). Gold Niyar-Ban Contract Future Market i.e. MCX today went up to a record height of Rs 80,517 during trading (Intrade Trading). The April contract reached the highest level of Rs 81,098. In the domestic spot market, gold reached a record height of Rs 80,819.
Meanwhile, gold today showed more or less stable in the global market. At present, investors are eagerly waiting for the result of the US Federal Reserve meeting. The two-day meeting of the Federal Reserve (28-29 January) has started from Tuesday. According to Indian time, Late Tonight (12.30 PM) US central bank chairman Jerome Powell will give information about the decisions taken for the monetary policy during the Post Meeting Conference.
There is a strong possibility in the market that the US central bank may not make any changes in interest rates in this meeting. If this happens, the process of cuts started in interest rates from September last year will stop in the new year for the first time. There is no interest/ yield on gold, so the demand for this asset class decreases as an investment not going under the interest rates.
domestic Future market
The February contract of gold on the domestic future market MCX (MCX) is currently at Rs 80,435 per 10 grams (2:45 PM IST) at Rs 80,435 per 10 grams. Earlier on January 27, it opened at Rs 36 to Rs 80,325 at a price of Rs 80,325 and traded between high and 80,299 rupees of Rs 80,517. The benchmark April contract was recorded at the highest level of 81,098 today during trading.
Gold Future (Rupees/10 gm)
Source: MCX (2:45 pm IST)
domestic Spot market
According to the Indian Bullion and Jewellers Association (IBJA), gold 24 carats (999) in the spot (attendance) market recorded a record of Rs 80,819 per 10 grams in early trade on Wednesday (999) on Wednesday in early trade. Went. On Tuesday 28 January, at the end of the trading, it was seen at a price of Rs 80,313 per 10 grams.
Spot Gold (Rupees/10 gm)
Source: ibja
Global market
Gold in the global market is currently stable. Today, during trading, spot gold went up to $ 2,766.30 an ounce and down to $ 2,757.54 an ounce. It is currently at $ 2,762.98 an ounce with a softening of 0.02 per cent. Similarly, benchmark US February Gold Futures (Gold Comex Feb′25) also remained in range of $ 2,778.10 and $ 2,752 an ounce during business today. It is currently trading at $ 2,771.80 an ounce with a mild strength of 0.16 per cent. Earlier on 31 October, Spot Gold and US Gold Future reached a record high of 2,790.15 and 2,801.80 an ounce respectively.
International Gold (USD/OUNCE)