Gold Price Today: Live Updates as Bullion Nears $2,100—Is Now the Time to Buy?

Key Highlights • International spot gold climbed to $5,278.05 per troy ounce in late-Friday trade, extending Thursday’s rebound as U.S. Treasury yields eased and the dollar index pulled back. • In India, 24-carat gold opened at ₹16,473 per gram (₹1,64,730 per 10 g) while 22-carat quoted ₹15,100 per gram, marking a two-day winning streak for domestic bullion prices. • City-wise retail rates (10 g, 24 ct) at 10 a.m. IST: Delhi ₹1,65,280 | Mumbai ₹1,64,950 | Chennai ₹1,66,420 | Kolkata ₹1,65,110. • Indonesian pawnshop Pegadaian fixed 1-gram Antam bars at Rp3,320,000 after Thursday’s surge; prices for 3-gram pieces touched Rp9,671,000. • Pakistani 24-carat gold traded at Rs 225,300 per tola amid steady rupee, mirroring the global uptick. Why Gold Is Rallying Today Lower-than-expected U.S. PCE inflation data re-ignited hopes of an earlier Federal Reserve rate cut, trimming real yields and boosting non-yielding bullion. Meanwhile, fresh central-bank buying—led by the People’s Bank of China—continues to tighten physical supply, offsetting ETF outflows. Technical Outlook Spot gold has broken above the 20-day moving average at $5,210 and now eyes resistance at last month’s swing high of $5,320. A decisive close above that level could open a run toward $5,400, while support sits at $5,120 and $4,980. RSI at 58 suggests room for further upside without overbought conditions. Domestic Market Impact Indian jewellers reported a pick-up in pre-Akshaya Tritiya bookings as buyers rushed to lock in prices before a potential summer rally. However, dealers noted a $2-4 per-ounce discount to global rates due to ample inventory. In Pakistan, traders expect prices to track international moves but caution that a stronger rupee could cap gains. What to Watch • U.S. ISM manufacturing index tonight and Fed Chair Powell’s speech tomorrow for clues on rate-cut timing. • February import duty review in India; any cut could cool local premiums. • Chinese PMI data on Monday; stronger numbers may extend the risk-on sentiment and lift gold further. Bottom Line Gold’s rebound above $5,200 reflects a textbook reaction to softer U.S. data and persistent central-bank demand. With key resistance in sight and macro catalysts lined up, bullion traders should brace for heightened volatility—and potential fresh record highs—in the sessions ahead.