Gold Rate Today In India: As of January 29, 2024, variations within the costs of gold have been famous in numerous cities all through India. The standardised value for 10 grams remained roughly Rs 63,000. To discover additional, the common worth for 10 grams of 24-carat gold was Rs 62,900, whereas the corresponding determine for 22-carat gold was Rs 57,650.
Meanwhile, the silver market demonstrated a gradual upward trajectory, reaching Rs 76,000 per kilogram.
Gold price right now in India: Retail gold worth on January 29
(*22*)Gold Rate Today In Delhi
In Delhi, folks need to spend Rs 57,800 for 10 grams of 22-carat gold and Rs 63,050 for a similar quantity of 24-carat gold.
Gold Price Today In Mumbai
In Mumbai, 10 grams of 22-carat gold is at the moment priced at Rs 57,650, whereas the identical quantity of 24-carat gold is valued at Rs 62,900.
Gold Rate Today In ChennaiÂ
In Chennai, the value for 10 grams of 22-carat gold is Rs 58,400, and for a similar quantity of 24-carat gold, it’s Rs 63,710.
Check gold charges right now in numerous cities on January 29, 2024; (In Rs/10 grams)
| (*29*)City | (*29*)22 Carat Gold Price | (*29*)24 Carat Gold Price |
| Ahmedabad | 57,700 | 62,950 |
| (*29*)Kolkata | (*29*)57,650 | (*29*)62,900 |
| Gurugram | (*29*)57,800 | (*29*)63,050 |
| (*29*)Lucknow | (*29*)57,800 | (*29*)63,050 |
| (*29*)Bengaluru | (*29*)57,650 | (*29*)62,900 |
| (*29*)Jaipur | (*29*)57,800 | 63,050 |
| (*29*)Patna | (*29*)57,700 | (*29*)62,950 |
| (*29*)Bhubaneshwar | (*29*)57,650 | (*29*)62,900 |
| (*29*)Hyderabad | (*29*)57,650 | (*29*)62,900 |
Multi Commodity Exchange
On January 29, 2024, the futures for gold set to run out on February 05 have been actively traded at Rs 62,111 on the Multi Commodity Exchange. Furthermore, silver futures with a March 05, 2024, expiration date have been quoted at Rs 72,063.
The retail value of gold within the nation is the quantity clients pay for it. This worth is influenced by numerous elements, together with the worldwide gold worth, 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 worth tends to rise. Conversely, an extra provide of gold out there can result in a decline in its worth.
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 usually 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 buyers to safeguard their property by investing in gold, thereby creating heightened demand and inflicting a rise within the worth 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 acknowledged that the prevailing international financial uncertainties and geopolitical tensions are anticipated to propel gold costs to a document excessive of Rs 70,000 per 10 grams this 12 months. This growth positions gold as a safe funding and an efficient hedge towards inflation.
