Gold Rate Today In India: On January 25, 2024, gold costs skilled variations throughout numerous Indian cities. The standardised charge for 10 grams was round Rs 63,000. Breaking it down additional, the common value for 10 grams of 24-carat gold was Rs 62,950, whereas the corresponding determine for 22-carat gold was Rs 57,700.
Meanwhile, the silver market demonstrated a gentle upward trajectory, reaching Rs 75,300 per kilogram.
Gold charge at present in India: Retail gold value on January 25
Gold Rate Today In Mumbai
In Mumbai, 10 grams of twenty-two-carat gold is at present priced at Rs 57,700, whereas the identical quantity of 24-carat gold is valued at Rs 62,950.
(*24*)Gold Rate Today In ChennaiÂ
(*25*)In Chennai, the worth for 10 grams of twenty-two-carat gold is Rs 58,300, and for a similar quantity of 24-carat gold, it’s Rs 63,600.
Gold Rate Today In Delhi
In Delhi, individuals should spend Rs 57,850 for 10 grams of twenty-two-carat gold and Rs 63,100 for a similar quantity of 24-carat gold.
Check gold charges at present in several cities on January 25, 2024; (In Rs/10 grams)
| City | 22 Carat Gold Price | 24 Carat Gold Price |
| Ahmedabad | 57,750 | 63,000 |
| Kolkata | 57,700 | 62,950 |
| Gurugram | 57,850 | 63,100 |
| Lucknow | 57,850 | 63,100 |
| Bengaluru | 57,700 | 62,950 |
| Jaipur | 57,850 | 63,100 |
| Patna | 57,750 | 63,050 |
| Bhubaneshwar | 57,700 | 62,950 |
| Hyderabad | 57,700 | 62,950 |
Multi Commodity Exchange
On January 25, 2024, the futures for gold set to run out on February 05 had been actively traded at Rs 61,927 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date had been quoted at Rs 71,704.
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 extremely necessary 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 worth 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 durations of financial downturn or recession, traders typically flip to gold as a safe funding, inflicting an uptick in its worth.
Impact of Political Uncertainty: Political instability also can exert appreciable affect on gold costs. Instances of uncertainty or crises in pivotal international locations or areas might drive traders 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) just lately acknowledged that the prevailing world financial uncertainties and geopolitical tensions are anticipated to propel gold costs to a document excessive of Rs 70,000 per 10 grams this yr. This growth positions gold as a safe funding and an efficient hedge in opposition to inflation.
