Gold Rate Today In India: As of January 27, 2024, fluctuations in gold costs had been noticed in numerous cities throughout India. The standardised value for 10 grams hovered round Rs 63,000. To delve deeper, the imply value for 10 grams of 24-carat gold stood at Rs 63,050, whereas the equal determine for 22-carat gold was Rs 57,800.
Meanwhile, the silver market demonstrated a gradual upward trajectory, reaching Rs 76,500 per kilogram.
Gold price as we speak in India: Retail gold value on January 27
Gold Rate Today In Mumbai
In Mumbai, 10 grams of twenty-two-carat gold is presently priced at Rs 57,800, whereas the identical quantity of 24-carat gold is valued at Rs 63,050.
(*24*)Gold Rate Today In ChennaiÂ
In Chennai, the value for 10 grams of twenty-two-carat gold is Rs 58,400, and for a similar quantity of 24-carat gold, it’s Rs 63,710.
Gold Rate Today In Delhi
Check gold charges as we speak in numerous cities on January 27, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,850 | 63,100 |
| Kolkata | 57,800 | 63,050 |
| Gurugram | 57,950 | 63,200 |
| Lucknow | 57,950 | 63,200 |
| Bengaluru | 57,800 | 63,050 |
| Jaipur | 57,950 | 63,200 |
| Patna | 57,850 | 63,100 |
| Bhubaneshwar | 57,800 | 63,050 |
| Hyderabad | 57,800 | 63,050 |
Multi Commodity Exchange
On January 25, 2024, the futures for gold set to run out on February 05 had been actively traded at Rs 61,950 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date had been quoted at Rs 71,795.
The retail value of gold within the nation is the quantity clients pay for it. This value is influenced by numerous elements, together with the worldwide gold value, the worth of the Rupee, and the prices related to labour and supplies used within the manufacturing of gold jewelry.
Gold is very essential in India due to its cultural significance, its worth for funding, and its conventional function in weddings and festivals.
Here are a number of elements that may exert affect on the value of gold:
Market Forces and Gold Valuation: The valuation of gold is predominantly influenced by the dynamics of provide and demand. If there’s a surge in public curiosity for gold, its value tends to rise. Conversely, an extra provide of gold available in the market can result in a decline in its value.
Global Economic Dynamics: The broader state of the worldwide economic system performs a major function in figuring out gold costs. During intervals of financial downturn or recession, buyers typically flip to gold as a safe funding, inflicting an uptick in its worth.
Impact of Political Uncertainty: Political instability may also exert appreciable affect on gold costs. Instances of uncertainty or crises in pivotal international locations or areas might drive buyers to safeguard their belongings by investing in gold, thereby creating heightened demand and inflicting a rise within the value of gold.
2024 Outlook: Rs 70,000 Per 10 Grams Gold Price
The All India Gem and Jewellery Domestic Council (GJC) not too long ago said that the prevailing world financial uncertainties and geopolitical tensions are anticipated to propel gold costs to a file excessive of Rs 70,000 per 10 grams this yr. This improvement positions gold as a safe funding and an efficient hedge towards inflation.
