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Gold, Silver Price Today, February 13: Gold prices climbed on Friday (January 13), supported by persistent geopolitical tensions that boosted safe-haven demand. Investors across the globe are bracing for the US core Consumer Price Index (CPI) data due later today, which could guide the next direction for precious metals.
As of 6:37 am, spot gold was up 0.8 per cent, or USD 38, trading at USD 4,959.61. The rebound comes after bullion had declined more than 3 per cent in the previous session.
Silver, often referred to as gold’s sister metal, also moved higher. Spot silver rose 1.9 per cent to trade at USD 76.73.
Gold and Silver prices on MCX
Gold and silver futures were not trading on the Multi-Commodity Exchange (MCX) at the time of writing. In the previous session, gold settled 4 per cent lower at Rs 1,52,300. Silver witnessed a steeper correction, slipping nearly 10 per cent to close at Rs 2,37,136.
Geopolitical tensions support safe-haven demand
On the geopolitical front, the Pentagon has instructed a second aircraft carrier strike group to prepare for deployment to the Middle East as the US military readies for a potential attack on Iran, according to three US officials cited by The Wall Street Journal.
Gold has historically been considered one of the most reliable safe-haven assets. During periods of heightened uncertainty, investors typically move funds into gold to protect wealth, supporting prices.
US Core CPI Data in Focus
Market participants are closely watching the US inflation data scheduled for release later today. The core CPI print is expected to act as a key catalyst for bullion, as it may offer further clarity on the Federal Reserve’s monetary policy trajectory.
Earlier this week, strong US jobs data pointed to a resilient labour market. Such strength may allow policymakers to maintain elevated interest rates to ensure inflation continues to ease.
Typically, higher interest rates weigh on gold prices because non-yielding assets like gold become less attractive compared to interest-bearing instruments.
Analyst Take: Consolidation likely in Gold and Silver
Ajay Kedia of Kedia Commodity said geopolitical tensions remain unchanged, and upcoming US economic data will determine the next directional move. He noted that the dollar index is not showing significant movement, suggesting that the market is currently in a consolidation phase.
Kedia expects gold to trade in the USD 5,000–5,100 range, while silver may move between USD 81 and USD 86.
Virendra Wakil of Paradigm Commodity said the recent “bull market in everything” appears to be unwinding.
Sharing a tactical view, Ankit Kapoor of Commodity Samachar Securities said that if gold makes a fresh high, selling pressure could emerge. Conversely, buying interest may appear on dips. While charts indicate underlying strength, he advised avoiding fresh buying at elevated levels.
Gold Rates in Delhi, Mumbai, Chennai and others (City-wise gold prices)
| City Name | Price/10g (24 Carat) |
| Delhi | Rs 158540 |
| Mumbai | Rs 158390 |
| Kolkata | Rs 158390 |
| Chennai | Rs 159270 |
| Patna | Rs 158440 |
| Lucknow | Rs 158540 |
| Ghaziabad | Rs 158540 |
| Noida | Rs 158540 |
| Gurugram | Rs 158540 |
| Jaipur | Rs 158540 |
Gold prices across major Indian cities remained largely steady, with 24 Carat gold trading around Rs 1,58,390–Rs 1,59,270 per 10 grams, with Chennai quoting the highest rates.
Find out the latest Gold Price Today in India exclusively on ET NOW. What is the price of gold today in Delhi, Mumbai, Lucknow, and Patna? What are the reasons for the fall in Gold prices?
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
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