Live & MCX gold prices
Live spot gold, pulled straight from GoldAPI.io and converted to rupees per gram and per 10 grams — the units Indian markets quote in.
Live spot price (INR)
Press "Get live price" to fetch the latest rate.
This is international spot gold, not the literal MCX exchange print — MCX futures track it closely but add import duty, GST and local premiums. If the price above shows an error, open assets/config.js and check your GoldAPI.io key is pasted in correctly.
More official sources
For the exact MCX exchange print, IBJA's physical-market benchmark, or city-wise jeweller rates, these stay the most authoritative:
- MCX — official spot & futures prices Multi Commodity Exchange of India: live gold, gold mini, and gold guinea futures
- Spot gold in INR (XAU/INR) International spot price converted to rupees, updates continuously during market hours
- India Bullion & Jewellers Association (IBJA) Official daily physical/retail gold rate benchmark used across Indian jewellers
- City-wise 22K/24K gold rates Daily physical market prices for Mumbai, Delhi, Chennai, Kolkata, Bengaluru and more
Chart patterns
Price-action shapes that build up over many candles. Each entry below is a collapsible item — screen reader and keyboard users can expand it with Enter or Space on the heading.
ReversalHead and shoulders
- What it looks like
- Three peaks — a left shoulder, a higher centre "head", then a right shoulder roughly level with the left. A "neckline" connects the two troughs between them.
- What it signals
- A top forming after an uptrend in gold; a break below the neckline on rising volume often confirms a move down. The mirror image (inverse head and shoulders) signals a bottom after a downtrend.
- How to use it
- Wait for a confirmed close beyond the neckline rather than anticipating it — false breaks are common in gold around global data releases.
ReversalDouble top / double bottom
- What it looks like
- Two peaks at nearly the same price (double top) or two troughs at nearly the same price (double bottom), separated by one pullback.
- What it signals
- Gold has twice failed to break a resistance (or support) level, suggesting the prior trend is losing strength.
- How to use it
- Confirmation comes on a break of the middle pullback level (the "valley" between the two tops, or the "peak" between the two bottoms).
ContinuationTriangles (ascending, descending, symmetrical)
- What it looks like
- Converging trendlines as price swings narrow — a flat top with rising lows (ascending), a flat bottom with falling highs (descending), or both lines sloping toward each other (symmetrical).
- What it signals
- A pause while the market compresses. Ascending triangles lean bullish, descending lean bearish, symmetrical can break either way and usually follow the prior trend.
- How to use it
- Trade the breakout direction with a stop back inside the triangle; volume typically shrinks during formation and expands on the breakout.
ContinuationFlags and pennants
- What it looks like
- A sharp price move (the "flagpole") followed by a brief, tight, slightly counter-trend consolidation shaped like a small rectangle (flag) or small triangle (pennant).
- What it signals
- A short pause before the prior trend resumes; common on gold's intraday charts after a strong global cue.
ReversalCup and handle
- What it looks like
- A rounded "U"-shaped decline and recovery (the cup), followed by a small downward drift (the handle) before a breakout.
- What it signals
- A bullish continuation once the handle resolves upward past the cup's rim, often used on weekly gold charts to spot multi-month bases.
Continuation / ReversalWedges (rising and falling)
- What it looks like
- Two converging trendlines both sloping the same direction — both rising (rising wedge) or both falling (falling wedge).
- What it signals
- A rising wedge tends to resolve downward (bearish); a falling wedge tends to resolve upward (bullish) — the opposite of what the slope suggests.
Technical indicators
Calculations plotted on or below the gold price chart to gauge trend, momentum, and volatility.
| Indicator | Type | How to read it for gold |
|---|---|---|
| Moving averages (50/100/200-day) | Trend | Price above a rising average favours buyers; the 50-day crossing above the 200-day ("golden cross") is a widely watched bullish signal, and the reverse ("death cross") a bearish one. |
| RSI (Relative Strength Index) | Momentum | Scaled 0–100. Readings above 70 suggest gold is overbought, below 30 oversold; watch for divergence when price makes a new high but RSI doesn't. |
| MACD | Momentum / trend | The MACD line crossing above its signal line supports a bullish shift; the histogram's shrinking bars often warn a trend is losing steam before the crossover happens. |
| Bollinger Bands | Volatility | Bands widen when gold is volatile (e.g. around US Fed decisions) and narrow ("squeeze") before sharp moves; price tagging the outer band isn't automatically a reversal signal. |
| Stochastic oscillator | Momentum | Compares the close to its recent range; %K crossing above %D from below 20 is a common bullish trigger, the reverse from above 80 bearish. |
| Fibonacci retracement | Support/resistance | Drawn between a swing low and high; the 38.2%, 50%, and 61.8% levels often coincide with pauses or reversals during gold's pullbacks within a trend. |
| Average True Range (ATR) | Volatility | Measures typical daily range in rupees or dollars — useful for sizing MCX stop-losses relative to how much gold is actually moving that week. |
| Volume / Open Interest (MCX futures) | Confirmation | Rising open interest alongside a price move suggests fresh positions supporting the trend; rising price on falling open interest can mean short-covering rather than new buying. |
Candlestick patterns
Single- and multi-candle shapes that hint at short-term buyer/seller control. Each row also states the signal in words, not just colour, for screen reader and colour-blind users.
| Pattern | Candles | Signal | What it means |
|---|---|---|---|
| Doji | 1 | Indecision | Open and close almost equal; after a strong move in gold it warns the trend may be pausing. |
| Hammer | 1 | Bullish | Small body near the top with a long lower wick after a downtrend; sellers pushed price down but buyers dragged it back up. |
| Hanging man | 1 | Bearish | Same shape as a hammer but appears after an uptrend, warning that selling pressure is creeping in. |
| Inverted hammer | 1 | Bullish | Small body near the bottom with a long upper wick after a downtrend; an early sign buyers are testing higher prices. |
| Shooting star | 1 | Bearish | Same shape as an inverted hammer but after an uptrend; buyers tried to push higher and were rejected. |
| Bullish engulfing | 2 | Bullish | A small red (down) candle followed by a larger green (up) candle that fully covers it — buyers have overwhelmed the prior sellers. |
| Bearish engulfing | 2 | Bearish | A small green candle followed by a larger red candle that fully covers it — sellers have taken control. |
| Morning star | 3 | Bullish | A long red candle, a small-bodied candle that gaps lower, then a long green candle closing well into the first candle — a bottoming sequence. |
| Evening star | 3 | Bearish | A long green candle, a small-bodied candle that gaps higher, then a long red candle closing well into the first candle — a topping sequence. |
| Harami | 2 | Indecision / early reversal | A large candle followed by a small candle fully contained inside its body, signalling the prior move is losing momentum. |
| Marubozu | 1 | Strong trend | A candle with little or no wick on either end — open equals the low (or high) and close equals the high (or low) — showing one side was in full control all session. |
| Three white soldiers | 3 | Bullish | Three consecutive long green candles, each closing higher than the last, each opening within the prior body — steady, sustained buying. |
| Three black crows | 3 | Bearish | Three consecutive long red candles, each closing lower than the last — steady, sustained selling. |
Reading gold in the Indian market
Gold trades on three connected layers in India — international spot, MCX futures, and physical/retail rates — and technical analysis means something slightly different on each.
MCX futures
Contracts such as Gold (1 kg), Gold Mini (100 g) and Gold Guinea (8 g) are quoted in ₹ per 10 g and settle in rupees, so they move with both international spot gold (in USD) and the USD/INR exchange rate. Chart patterns and indicators apply the same way as on any futures chart; also watch the contract's expiry and rollover dates, since volume and open interest thin out near expiry and can distort short-term signals.
Physical / retail market
Jewellers' 22K and 24K rates track the IBJA benchmark plus local premiums, making charges and GST, and they update once or twice a day rather than continuously. Demand spikes around Akshaya Tritiya, Dhanteras and the wedding season create seasonal patterns that are separate from — and sometimes stronger than — the pure chart signals above.
What moves the price
US Federal Reserve rate decisions, the dollar index (DXY), US inflation data, India's import duty on gold, and the rupee's exchange rate all feed into gold's technical picture here. A textbook bullish chart pattern can still stall if the rupee strengthens sharply against the dollar, or extend further than expected around a festival demand surge.
Not investment advice
This page explains how technical analysis tools are generally used; it is educational, not a trading recommendation, and doesn't account for your personal financial situation. Prices and patterns can fail. Consider speaking with a SEBI-registered advisor before trading MCX derivatives.