Gold Hits Historic High Above ₹1.60 Lakh per 10 Grams on MCX, Second-Day Rally Continues

Gold prices are witnessing a sharp rise for the second consecutive day. After silver, now gold has also created a new history. On Wednesday, February 4, at around 10:30 am, the price of gold reached Rs 1,60,775 per 10 grams, which is the highest level till date. With this, gold crossed Rs 1.60 lakh per 10 grams and reached a new record.

On MCX, the price of 10 grams of gold was seen trading at around Rs 1,60,000 around 11 am. It has registered a rise of about Rs 6,190 per 10 grams. During the trading, gold touched a low of Rs 1,56,533 per 10 grams and a high of Rs 1,60,755 per 10 grams.

Today's 24-carat Gold Price in Your City

A look at the city-wise gold prices reveals slight variations in rates across cities:

City Gold Price (24-carat, 10 grams)

Patna ₹1,59,250

Jaipur ₹1,59,310

Kanpur ₹1,59,370

Lucknow ₹1,59,370

Bhopal ₹1,59,500

Indore ₹1,59,500

Chandigarh ₹1,59,330

Raipur ₹1,59,270

According to the above data, gold is currently the cheapest in Patna, where the price of 10 grams is ₹1,59,250. Meanwhile, the highest gold price in Bhopal and Indore was recorded at ₹1,59,500 per 10 grams.

Gold Price Target 2026: What will be the future trend?

According to commodity expert Kedia, gold currently appears to be finding strong support at ₹1,36,531.7 per 10 grams. This indicates that the price is unlikely to fall below this level under current circumstances. The resistance level is estimated at ₹1,60,188 per 10 grams, above which gold may struggle to hold firm for the time being.

However, experts also believe that, just like the stock market, support and resistance levels for commodities like gold and silver change from time to time. These levels depend entirely on current global conditions, dollar movements, interest rates, and investor demand.