Gold held near record highs today, with subtle shifts across the board. In India major metros, 24-karat gold largely stayed above ₹11 000 per gram. Mumbai, Bengaluru, Delhi, Chennai each recorded rates in a tight range around ₹11 051 to ₹11 066 per gram. Specifically, 24-karat traded at about ₹11 047 per gram nationally, and 22-karat around ₹10 128 per gram. A break-down by city showed: Chennai ₹11 073 per gram (24K), Mumbai ₹11 051, Delhi ₹11 066 and Bengaluru ₹11 051.
Markets hovered steady. Spot gold globally eased slightly down 0.07 percent landing around $3 633.95 per ounce. Domestically, bullion remained firm at roughly ₹1,09,440 per 10 grams. That aligns with recent all-time highs near ₹1,08,749-₹1,08,745 per 10 grams, a modest dip on profit-booking after U.S. employment data surfaced. So, what this really means is gold is stubbornly strong global demand, Fed uncertainty, and safe-haven momentum keep prices elevated. Even with slight profit-booking, holders are hardly ready to let go.
Buyers should watch support near ₹1,08,040-₹1,07,640 and resistance between ₹1,08,950-₹1,09,450 per 10 grams. Retail watchers in metros may find affordability stretched, but cultural demand continues to prop up trends. For context, in Coimbatore 24-karat crossed ₹11 073 per gram and that drove significant reductions in quantity bought per customer.
